[12 December/ Bloomberg]

According to a report by the Farm Animal Investment Risk & Return (FAIRR) group, meat could be the next product to be taxed, following in the steps of tobacco, carbon and sugar. The tax would be based on the aim of improving public health and meeting emissions targets set in the Paris Climate Agreement. According to the Food and Agriculture Organisation, greenhouse gas emissions from livestock made up around 14.5 percent of the world’s total, while global meat consumption was expected to increase by 73 percent by 2050. Lawmakers in Denmark, Germany, China and Sweden have discussed created livestock related taxes over the past two years, but the idea has encountered strong resistence.