Core Insights - The DMCC report highlights the current state, challenges, and future trends of the global tea trade, emphasizing its significance as a major beverage with a daily consumption exceeding 5 billion cups and an annual production value of approximately $18 billion [1][2][10]. Global Tea Production and Trade - Global tea production is highly concentrated, with China and India accounting for two-thirds of the total output, while Kenya and Sri Lanka are key players in black tea exports [1][2][16]. - The tea industry faces significant challenges, including a nearly 8% drop in India's production due to extreme weather, rising wages in Sri Lanka affecting profit margins, and increased tariffs on Indian tea by the U.S. [1][20]. Consumer Market Trends - The tea consumption market is undergoing structural changes, with traditional black tea stagnating in mature markets while demand for premium, organic, and functional teas is surging [2][14]. - In 2024, global tea spending is projected to reach $282 billion, with 70% of this coming from in-home retail purchases, particularly packaged hot tea and ready-to-drink formats [2][24]. Climate Challenges and Sustainability - Climate change poses severe risks to tea production, with rising temperatures and erratic rainfall reducing suitable growing areas and affecting tea quality [2][13][40]. - Smallholder farmers face rising costs and limited access to credit, while sustainable certifications can offer premiums of up to 23%, although the burden of costs often falls on these farmers [2][40][45]. Innovations and Future Directions - The tea industry is expected to transition towards technology and sustainability, with advancements in precision agriculture, resilient crop varieties, and blockchain for supply chain traceability [3][10][41]. - Dubai is emerging as a key hub for tea trade, leveraging its geographical advantages and infrastructure to facilitate blending, packaging, and re-export [2][9][10]. Emerging Product Categories - New tea formats are gaining popularity, including hard teas and bubble teas, driven by younger consumers seeking convenience and customization [2][35][37]. - The market for matcha is also expanding rapidly, with its health benefits and social media appeal contributing to its growth [2][30][31].

The COP30 statement misplaces where we’re going wrong on climate — and what we’re getting right, @davidfickling writes (via @opinion) https://t.co/Y1hUt7FQCt ...

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The world has struck a new climate deal at the COP30 summit in Brazil, which calls for a tripling of funding to help countries adapt to increasingly severe climate impacts. But countries failed to agree to a roadmap away from fossil fuels, after entrenched divisions threatened to collapse the talks.https://t.co/3nHoV9rjCe ...

Group 1 - The presentation includes a session on knowledge management followed by a performance announcement for the first nine months and the third quarter, concluding with a Q&A session [1] Group 2 - PTT and PTT Group are focusing on decarbonization pathways in response to climate change, with current temperatures nearly 1.5 degrees Celsius above pre-industrial levels [2] - The increase in temperature is linked to more frequent and intense disasters such as floods and wildfires, which are exacerbated by climate change [3] - If global temperatures rise to 2, 3, or 4 degrees Celsius, significant impacts such as sea level rise exceeding 7 meters and food shortages due to declining yields in crops like rice and wheat are anticipated [3][4] - The risks posed by climate change also include the potential extinction of various plant and animal species, threatening human well-being [4]

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At Socrates Sculpture Park, the art rusts, morphs, collapses, disappears entirely. 1843 explores what art preservation means in the age of climate change https://t.co/dIsBLBtCzo ...

Climate Tech Investment Concerns - Climate tech investments are viewed as potentially disastrous and not a category in itself [1] - The success in climate tech was limited due to curiosity-driven approach [1] Economic Dependency and Carbon Credits - Businesses are heavily reliant on the price of carbon [2] - Spending billions of dollars on carbon credits may lead to layoffs when the economy weakens [2] - Allocating funds to carbon credits at the expense of employee welfare is unsustainable [2][3]