Document Type

Report/Policy Paper

Publication Date

6-2024

Abstract

Socio-bioeconomy presents a promising approach to sustainable development by leveraging biological and social diversity to transition away from a fossil fuel dependent economy while simultaneously creating income and employment opportunities for millions of Indigenous and rural communities worldwide. Because the bioeconomy values the sustainable utilization of renewable biological resources, nature-based solutions (NbS), which are a facet of the socio-bioeconomy, gain increasing prominence. Socio-bioeconomy requires substantial investmentsfrom both public and private sectors to develop effective socio-biodiversity production systems. Socio-bioeconomy development will require improved institutional coordination, robust planning, and novel methodologies to measure trade-offs as well as promote synergies that can generate scale gains while preserving ecosystem services. This Policy Brief aims to propose a comprehensive framework for investment governance aligned with socio-bioeconomy, offering specific policy recommendations that G20 countries can adopt and help promote globally. The goal of this contribution is to foster a just development of the socio-bioeconomy by ensuring the rights of communities in accessing natural resources and participating in policymaking processes, and an investment climate that places socio-bioeconomy at the forefront of the development agenda at a global scale.

Disciplines

Environmental Law | International Law | Law

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