OECD COP29 Virtual Pavilion

Bioeconomy for sustainable development: The G20 High-level Principles on Bioeconomy in practice and in the Amazon region

OnlineNov 12, 2024 | 3:00 PM - 4:30 PM

BioeconomyDeveloping countries

Description

The bioeconomy is gaining traction worldwide, highlighted by the recent publication of the “G20 High-level Principles on Bioeconomy” and the release of at least 30 dedicated national bioeconomy strategies, covering 75% of the global GDP. As nations seek sustainable solutions to foster economic growth and social inclusion while decarbonisng their economies and preserving biodiversity, the bioeconomy offers a pathway towards this dual objective. The Amazon region in Brazil serves as a model for the implementation of a new bioeconomy paradigm, where a rich biodiversity and natural resources co-exist with a diversified economic system, cultural diversity, a large population and social inclusion challenges in rural and urban areas. This session brings together government representatives, think tanks and international institutions to discuss how bioeconomy policies can promote sustainable development in practice. The case of the Amazon region in Brazil will be examined to provide lessons and pathways for action. The session will present preliminary findings from the OECD report on “Bioeconomy for Sustainable Development in the Amazon region”. Government representatives and experts involved with bioeconomy policies will share their experiences and provide insights for a future agenda to increase value generation, equity and environmental conservation.

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The OECD COP29 Virtual Pavilion is a contribution toNet Zero+: Building Climate and Economic Resilience

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