1、FINTECHIMPACTMRKTPLCSDEALROOMSIGNALWit titleNNNNFood for ClimateThe State of the Sustainable Food-&AgTech Ecosystem in EuropeJune 2024Page/2 1 Introduction:Food for Climate2 FoodTech deepdive3 AgTech deepdive4 Cross-topic technologiesPage/2 Page/3 Source:Introduction:Food for Climate The increasing

2、frequency of heat waves,floods,hurricanes,and wildfires worldwide highlights the escalating impact of climate change,putting immense pressure on our food production systems.Climate change has already degraded 23%of the EUs agricultural land,reducing annual agricultural production by up to$177 billio

3、n.A recent UN report reveals that the hidden costs of the global food system amount to$12.7 trillion,approximately 10%of global GDP.These costs predominantly affect health(73%)and the environment(over 20%).Notably,these hidden costs are a staggering 27%of GDP for low-income countries(mostly due to p

4、overty and climate),in contrast to 8%for high-income nations(mostly driven by unhealthy diets).As a whole,our food system is a significant contributor to climate change,responsible for 34%of global greenhouse gas(GHG)emissions.As highlighted at Dubais COP 28:to build sustainable and climate-resilien

5、t food systems,we must pursue multiple goals simultaneously:decarbonizing agriculture,restoring soils,ensuring safe and healthy food for all,and adapting to the new realities of a changing climate.In this report,we delve into the current landscape of the climate-conscious European FoodTech startup s

6、cene,analyzing how innovative food ventures are driving change towards a more sustainable future.Share of greenhouse emissions per sector of the food systemFood and Agriculture Organization of the UN,COP28Post-retail11.3%1.4B tonnesConsumption2.6%330k tonnesWaste8.7%1.1B tonnesAgricultural productio