“High levels of consumption in industrialised countries have far-reaching impacts on ecosystems, food security and human rights both within and beyond their borders. Low- and middle-income countries are directly affected by the policies and practices of the global North, and ordinary citizens have limited influence. Demand in the United States and the United Kingdom for beef directly drives deforestation in the Amazon; while the number of everyday products that contain unsustainable palm oil continues to increase.
…The ‘bioeconomy’ is a sophisticated sounding term, but essentially it means the things we make, use and sell that have their origins in nature; and the aim is to transition the economy from fossil resources towards renewable ones. Farming and forestry are part of the bioeconomy, as is energy produced from biomass, and services like tourism that are rooted in nature and outdoor experiences. The bioeconomy is central to what we do every day, and is an essential part of the global economy. In Europe alone the bioeconomy has an annual value of €2.4 trillion. It holds the key to a greener, more sustainable and healthy future for all — if the right practices, regulations and incentives are in place.
At the same time, the bioeconomy has the potential to drive further environmental destruction and degradation. Irresponsible pursuit of profit and unsustainable exploitation of natural resources are making climate change, biodiversity loss, infectious diseases, hunger and inequality much worse. A recent report from the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) found that unless we dramatically reduce our impact on the natural world, future pandemics will become more frequent, spread more quickly and kill more people.
An unsustainable bioeconomy also threatens the achievement of the Sustainable Development Goals (SDGs) — a global sustainability framework adopted by the United Nations in 2015. A recent report by the German Federal Environment Agency found that in order for the bioeconomy to work for, rather than against, the SDGs, the global agenda and national strategies need to focus much more on restoration of ecosystems, sustainable land-use, climate protection and food sovereignty.”
Read More – by Patrick Schröder – a senior research fellow in Chatham House’s energy, environment and resources programme>>>