At COP30, Brazil launches an initiative to promote the bioeconomy | COP30 Amazon

Inspired by G20 Bioeconomy InitiativeThis new mechanism sets milestones with a deadline of 2028 and designs financial and equity mechanisms to promote long-term sustainability measures and equitable benefit-sharing.

“Through this initiative, we are building bridges between the ancestral knowledge of indigenous peoples and traditional communities and the accuracy of modern science,” the Minister of Environment said in a statement. Marina Silva.

The goal, according to the initiative’s creators, is to expand bioeconomy markets for the purpose of protecting nature.

Bioeconomy, which is basically a production system of Renewable products extracted from the forest Without promoting destruction, it has increasingly been mentioned in international forums as an alternative to including indigenous people in supply chains. However, given the need to respect the productive capacity of forests and the producers themselves, the bioeconomy tends to face obstacles of scale and is considered an additional strategy, rather than “the silver bullet that will save forests in developing countries, according to the experts interviewed.” value.

With the launch of the Bioeconomy Challenge, this is the first time that the bioeconomy has been part of the COP agenda and is now officially recognized as a strategic pathway to accelerate the achievement of Nationally Determined Contributions (NDCs).

“To help the global bioeconomy grow at scale, we need to anchor it in specific, transparent and comparable indicators so that sustainability means the same thing everywhere,” Kaveh Zahedi, Director of FAO’s Office of Climate Change, Biodiversity and Environment, said in a statement. “The organization hopes to advance this agenda with diverse actors through the Working Group on Bioeconomy Challenge Metrics, to ensure that the bioeconomy fulfills its promise to transform the way we live, produce and share resources.”