Cutting food waste would save $2bn

US businesses could save close to $2bn a year by reducing the amount of half-eaten meals, unsold milk and other discarded foods by 20%, a report by ReFED has revealed.

In “Roadmap to Reduce US Food Waste” ReFED, a collaboration of businesses, non-profits and government leaders committed to reducing food waste, outlines strategies that would reduce the amount of food that is thrown away by 13m tonnes a year.

The strategies would create 15,000 jobs and double the amount of recovered food donations to non-profits to 1.8bn meals a year. It would also save 6tn litres of fresh water a year, and cut CO2 emissions by 18m tonnes.

In the US, more than 52m tonnes of food is sent to landfill and 10m tonnes never gets harvested on farms, costing the economy $218bn annually, according to the report.

JPMorgan Chase latest bank to spurn coal

JPMorgan Chase has pledged to stop financing coal mining companies in wealthy countries.

As part of its efforts to combat climate change, the banking giant says it will no longer finance new coal mines or coal-fired power plants in high income countries of the Organisation for Economic Cooperation and Development.

JPMC’s new policy was criticised by the National Mining...

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