‘Green industry’ is gaining cultural currency with each passing year. While mainstream industries like manufacturing, transportation, or generating power are obvious targets for reducing waste and optimizing resources – agriculture is an often-overlooked sector for environmental revision.
Raising animals to be eaten is bad for the environment for a number of reasons – from methane emissions to burned-out soil. These environmental risks might soon be a thing of the past, as more companies are moving towards producing lab-grown meat substitutes.
A Chinese company has just ordered $300 million in lab-grown beef from three major Israeli innovators – SuperMeat, Future Meat Technologies, and Meat the Future. This could be a turning point towards lab-grown meat’s legitimization as, previously, it’s been prohibitively expensive for normal consumption. In 2013, a burger of lab-grown meat would have cost $325,000, while the same lab-grown burger in 2015 two years later was only $11.36.
Lab-grown meat will have profound implications on the agricultural industry, the environment, and the economy. We may begin to see these changes soon as lab-grown meat seems here to stay.