Key Forum input provided to the G20 under the theme “Financing a Sustainable Global Bioeconomy,” with a supporting report published.
The G20 Bioeconomy Initiative focuses on three main areas: leveraging science, technology, and innovation; promoting sustainable use of biodiversity; and enhancing the role of the bioeconomy in sustainable development. It aims to ensure that the bioeconomy contributes to social inclusion and job creation while promoting sustainable practices and equitable sharing of benefits. The initiative also seeks to establish high-level principles for bioeconomy development, emphasizing Brazil’s leadership in fostering a common understanding within the G20 on this critical issue.
The G20 High-Level Principles on Bioeconomy outline ten voluntary, non-binding principles aimed at guiding bioeconomy activities. These principles emphasize sustainable development, inclusivity, climate change mitigation, biodiversity conservation, sustainable resource use, and responsible innovation. They call for robust policy frameworks, international cooperation, and country-specific approaches aligned with national priorities. The principles also advocate for transparent, science-based assessments, fair trade, and capacity building to support a sustainable bioeconomy globally.
