Plethora of global summits


Amid back-to-back summits of the world’s movers and shakers, the United Nations’ Food and Agriculture Organization in its latest report has projected that the global food import bill is likely to hit two trillion US dollars in the current year as tensions among different countries and blocs across the world are escalating by the day.
As the powerful leaders weigh their options and set priorities to contain the rising world temperatures, both on the climate and political fronts, the poor nations are pushing hard for setting up a global fund to compensate for the losses they have been suffering due to the climate crisis. However, during the COP27 climate conference, the developed countries, among them the biggest polluters like the United States and China, are seen to be falling short of making pledges to switch over to clean energy sources and control emissions of greenhouse gases.
The sharp rise in food prices, and also rising costs of gas and petroleum products, which is blamed on Russia’s war in Ukraine, has disproportionately affected the poor nations, who are already bearing the brunt of climate induced calamities. The Russia and Ukraine war, and also tensions over Taiwan and North Korea, have been high on the agenda of these summits.
Amid the flurry of global conferences, the Rome-based FAO has further raised the stakes by releasing its Food Outlook Report, which has projected that the global food import costs would be higher than previously expected. This projection, which provides sufficient reasons for economic upheavals, comes hot on the heels of the currency depreciation across the board.
Although the increase in the food import costs would be borne mostly by the rich and developed countries, the trend does not spare the poor and less developed countries, whose overall food import bill is projected to remain unchanged, but they are facing growing problems of accessibility to and availability of foodstuff.
“These are alarming signs from a food security perspective, indicating importers are finding it difficult to finance rising international costs, potentially heralding an end of their resilience to higher international prices”, reads the Food Outlook Report, warning that the situation would exacerbate and the differences would become more pronounced.
As the world leaders are heading to Indonesia straight from the COP27 climate conference in Egypt, they are expected to discuss the fallout of the Russia-Ukraine war and North Korea, plus China and Taiwan.
Pakistan as co-chair of COP27 climate conference has pushed hard enough to materialize the proposal on setting up a global fund for climate damage compensation, the global food situation and agriculture yield are predicted to decline.
In the current bleak scenario, Pakistan has appropriately advocated the cause of the poor nations to bring relief to the suffering multitudes who are heading to a deepening food crisis in the face of global tensions and war mongering.