IATP participated in the United Nations High Level Conference on the economic crisis, development and financial institution reform. This statement for a multi-stakeholder roundtable of government delegates and NGOs argues for an international agreement to regulate commodity futures exchanges
This weekend, agriculture ministers from the G-8 will gather in a beautiful castle above the city of Treviso, in central Italy, to discuss the global food crisis. Missing among the scheduled gala dinners, aperitifs and wine tastings are those most affected by the food crisis, as well as a clear understanding of what has gone wrong.
When the Group of 20 heads of state meet later this week in London to discuss responses to the global financial crisis, one item directly affecting global food and energy security will be missing from the agenda: the regulation of commodity exchanges.
From the natural gas for manufacturing synthetic fertilizers to the intensive energy for food processing and commodity shipping, rising food prices have recently exposed the unwise dependency of our industrial food system on fossil fuel inputs.