This event will explore the bioeconomy approach for African countries, which can contribute to a circular economy, improved livelihoods and inclusive economic growth. It will also look at the systemic transformation that is needed which requires not only significant investments and uptake of innovative solutions, but also other types of enabling support. Focusing on a bio-economy offers new insights and possibilities for resource management and mobilisation.
This event will:
- Contribute to enhancing the delivery of the Sharm-el Sheikh Adaptation Agenda and outputs of Global Stocktake: by exploring essential policy and finance interventions that can enhance action towards increasing the resilience of 4 billion people by 2030, by focusing on what a bio-economy has to offer, contributing to the actions needed to course correct based on the outcomes of the GST.
- Discuss what a bioeconomy approach for an African country means as a way forward for sustainable development to boost economic opportunities while enhancing livelihoods, climate and nature action, including the tools available to enable holistic decision making.
- Showcase the financial instruments that deliver for climate and nature, including the role of public and private financial institutions (e.g. blended finance instruments, sustainability-linked sovereign debt instruments, potential of nature markets).
- Point to the role of various non-state actors in aligning financial flows with nature and climate goals and the enabling policy environment that is needed to upscale delivery of finance to local communities and stakeholders.