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three servings – for a population of 10 billion, people will require 1.8 trillion litres of milk. That is one trillion more litres than total global production today.Reducing global agricultural emissions has to be done on a global scale. One solution is to ensure that food is produced in the most emissions-efficient locations possible. This view is supported by the World Economic Forum[1], which calculated that if just 10 per cent of agricultural production moved to more efficient locations, 178 million tonnes of carbon dioxide equivalent emissions could be reduced. Increases in global on-farm productivity will also result in mitigation of emissions.Fonterra and New Zealand can take a lead in helping this transition. The New Zealand pasture grazing farming system is amongst the most emission-efficient in the world. When we compare New Zealand farms’ nutritional production to other countries, we are more than twice as emissions-efficient as the world average, and more than four times as efficient as the least emissions-efficient producers. If all dairy producers matched New Zealand’s efficiency, the global footprint from dairy would be more than halved.In common with schemes around the world, an absence of mitigation options has meant direct agricultural emissions are excluded from New Zealand’s Emissions Trading Scheme. However, Fonterra recognises the exclusion does not excuse us from action.That is why we operate programmes across our entire supply chain, from farm to market, to reduce the emissions intensity of our products. We share some examples in this publication.Climate change is bad for farmers and the consumers who rely on them to produce the 7.5 million tonnes of food the world consumes every day. Fonterra produces and exports enough dairy to provide the equivalent of a 250ml serve of milk a day to over 200 million people. We are proud to make this significant contribution and to be sharing our knowledge to improve the efficiency of the global dairy industry so it plays a leading role in the sustainable diets of the future. References[1] Doherty, S. and Hoyle, S. (2009). Supply Chain Decarbonization. World Economic Forum.SUSTAINABLE DEVELOPMENT GOALS (SDGs) 061