Climate Misalignment: Industrial Livestock and the Paris Agreement

Stop Financing Factory Farming
2nd June '23
An aerial drone view of many cattle in many feedlot pens in the deforested region of Para, Brazil
Drone view of cattle feedlot in Para, Brazil

Development bank investments in industrial livestock are at odds with their Paris Agreement commitments

Endorsed by 18 civil society organisations, and lead authored by Friends of the Earth, the Climate Misalignment Report argues that multilateral development bank (MDB) investments in industrial livestock are at odds with their commitments to align their investments and activities with the Paris Agreement.

Without reducing and cutting down on meat consumption and the associated high-intensity agriculture systems, we will not be able to keep global warming to 1.5 degrees. That is very clear.

Professor Hans Pörtner, scientist and co-chair of the UN Intergovernmental Panel on Climate Change (IPCC), 2022

This report documents how MDBs’ frameworks for aligning their investments with the Paris Agreement are resulting in misclassification of industrial livestock investments as compatible with the climate mitigation and adaptation goals. It urges development banks to exclude industrial livestock and feed operations in order to be truly “Paris-aligned.” 

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