A report from Oxfam warns that global warming and extreme
weather will combine to create devastating food price shocks in
the coming decades. Oxfam had previously warned that corn or
maize would see a 177% rise in price by 2030 due to climate
change and other factors (see Oxfam: Extreme Weather Has Helped
Push Tens of Millions into “Hunger and Poverty” in “Grim
Foretaste” of Warmed World). Further modeling the impact of
warming-driven extreme weather shocks leads Oxfam to conclude
corn prices could increase a staggering 500% by 2030. Note: The
“additional price increase” percentage is calculated off the
original price increase. As Oxfam explains in its news release:
Food price spikes will get worse as extreme weather caused by
climate change devastates food production New research shows
that the full impact of climate change on future food prices is
being underestimated, according to international agency Oxfam.
Oxfam’s new report, Extreme Weather, Extreme Prices, highlights
for the first time how extreme weat