Climateflation: Food Prices Explode as Climate Changes

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The Australian government, in its latest budget, committed nearly 700 million dollars to mitigating the effects of climate shocks on Aussie farmers in the latest budget as it is also approving new fossil fuel projects.

With global crop failures of rice, oranges, coffee and other important crops that end up on our plate, food security and climate resilience is vital. A 2024 study published in Nature concluded that temperature rises globally have caused persistent and nonlinear rises in food prices.

 

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