September 7, 2021
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The think tank has identified the sector as a critical and emerging industry which can reduce the environmental impact of the UKâs animal protein reliance. The organisationâs report goes further by calling on the UK government to invest in the alt protein sphere to meet its climate targets.
âThe UK is the second-largest market for plant-based foods in Europe â but countries like Singapore and Israel are miles aheadâ â Elena Walden, GFI
With the aiming to fulfill its Net Zero commitments, the non-partisan Social Market Foundation has recommended investing in the alt protein sector as a viable means of reducing meat consumption in the UK. In order to reach its Net Zero ambitions, meat consumption in the UK will need to fall considerably over the coming decades, yet the report identifies âa conspicuous lack of policyâ regarding this fact.
With a proposed carbon tax for meat products being discussed â including Ethan Brown â the report points out the benefits of rapid expansion in the alt protein market over a politically sensitive âmeat taxâ. As organizations such as the Good Food Institute and writers such as Ezra Klein have , the potential benefits to public finances, the economy, public health, and the environment of a thriving alt protein economy are huge.
Responding to the Social Market Foundation findings, Elena Walden, Policy Manager at the Europe, told vegconomist: âThe UK is the second-largest market for plant-based foods in Europe â but countries like Singapore and Israel are miles ahead in terms of actually developing a sustainable protein ecosystem.â
âTo capitalise on their potential to create thousands of jobs, and avoid simply importing the plant-based and cultivated meat consumers demand, the government must invest at least ÂŁ125 million in homegrown research and development,â she added.
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Source: Vegconomist.com