Daniel Pentzlin is Sustainable Finance Campaigner at Friends of the Earth Europe. As main speaker in the first session of Ideas That Matter, he will address the question how EU financial market policy makers can fight hunger.
Financial markets fighting hunger
European banks and private finance are earning huge profits from speculation in food commodity markets and agricultural land. This creates instability and pushes up global food prices, leaving millions of people facing hunger, malnutrition and deeper poverty. Speculation in (food) commodity derivatives has substantially added to the effects of agrofuels demand and land-grab, causing on-going price hikes in global food markets. EU financial market regulation should integrate social and environmental criteria and put an end to harmful speculation with food and land.