- Published on
South American vineyards brace for tricky summers ahead
- Authors
- Name
- ESG Insights
#Chile #WineProduction #ClimateChange: A Sobering Reality Key Takeaways:
- Climate change is reducing Chilean wine output significantly.
- Relocating vineyards higher in the Andes poses new risks.
- Venture capital for new vineyards is scarce in Latin America.
Further Insights
Climate Impact: Rising temperatures and decreasing snowmelt from the Andes are jeopardizing irrigation and harming grapes, leading to a decline in wine production in Chile.
Relocation Challenges: Although moving vineyards higher up the Andes could mitigate some climate change effects, it introduces additional hazards like hail, landslides, and flash floods.
Financial Struggles: The scarcity of venture capital in Latin America makes it hard for wine producers to fund the relocation of vineyards to safer zones, limiting their options to adapt.
Closing Thoughts: As the wine industry faces unprecedented challenges due to climate change, what innovative strategies can be employed to safeguard the future of vineyards in Chile and Latin America?