Forum debates innovation in investments in the Amazon bioeconomy

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Between June 14 and 25, researchers, specialists, entrepreneurs, investors, public managers and civil society representatives will meet virtually to debate ways to create new financing mechanisms for businesses linked to the Amazon bioeconomy. 

Fruit of the partnership between the initiative A Concert for the Amazon it's the Legal Amazon Interstate Sustainable Development Consortium, O Amazon Bioeconomy Investment Innovation Forum (F2iBAM) it seeks to provide a space for exchanging information about projects, projects and programs with the objective of rethinking sources of financing capable of leveraging the green economy as a new development matrix. Amazonian biodiversity has been presented as a key to fostering economic models capable of adding value to the standing forest and generating prosperity for local communities. 

F2iBAM will be carried out completely online with 15 panels and the participation of professionals with national and international activities. In day 24/06, happens the panel "Networks to promote the ecosystem of innovation in bioeconomy", which has the participation of the Executive Secretary of the PPA, Augusto Correa. Registration is free and can be made on the website: www.bioeconomiaamazonica.com.br.

The event's objective is to provide a favorable environment for the articulation of partner networks for the construction of innovative financing mechanisms, connecting experts in finance and investments, entrepreneurship development organizations, incubators and accelerators, development banks, public policy makers, among others, to increase the scale of investments and the positive social impact of these actors in the Amazon. 

“We need to shed light on the existing connections between biodiversity and the climate agenda, as well as their implications for business and investment. The global context calls for concrete actions to scale up sustainable models, at the same time that it is necessary to invest in infrastructure that allows the development of these production chains, the leading role of traditional communities and a fair distribution of the benefits generated", says the governor of Maranhão and president of the Legal Amazon Interstate Sustainable Development Consortium, Flávio Dino. 

“We are happy to lead this event, which will be extremely important for the bioeconomy in the Amazon region, and to be able to share this initiative together with the Legal Amazon Interstate Sustainable Development Consortium. Amazonas has countless potentials for the bioeconomy and, depending on the State Government, we are going to encourage production chains and bring more development to our interior”, highlighted the governor of Amazonas, Wilson Lima.

The Brazilian bioeconomy moves a market of US$ 326.1 billion, according to a survey carried out in 2018 by the National Bank for Economic Development (BNDES). However, the amount encompasses 12 productive sectors, including agriculture, which represents 53% of revenue. It becomes necessary to qualify the activities of the bioeconomy, including to show that the sustainable bioeconomy still requires investments with specific characteristics. 

“In Brazil, the economy has always been linked to the use of natural resources, from the exploration of pau-brasil to today, with agribusiness. However, the global economy is currently moving towards including biodiversity in a more strategic way in its activities, and Brazil has everything to occupy a leadership position on this path”, says Carolina Genin, Climate Director at WRI Brasil and co-leader of the Working Group on Bioeconomy of the Uma Concertação pela Amazônia network. “Although there are examples of incentive programs for sustainable models of extractivism and agroforestry systems, there is no national strategy for the bioeconomy. Even less something that contemplates the social and cultural wealth linked to it in regions like the Amazon”.

F2iBAM will be held annually and will be part of the events calendar of the Legal Amazon Green Recovery Plan, a set of measures to boost sustainable economic development in the region. The initiative belongs to the group of nine states that are part of the Legal Amazon and was presented in April to ambassadors from the United States and Europe. The rigorous fight against deforestation and the strengthening of the bioeconomy are the main themes that guide the proposals. 

The event takes place at an emblematic moment. With the return of the United States to environmental discussions, after the election of Joe Biden, and the proximity of COP 15 (15th Conference of the Parties to the UN Convention on Biological Diversity, to be held in China, in October) and COP 26 (26th Conference of the Parties to the United Nations Framework Convention on Climate Change, in Glasgow, Scotland, in November), the climate agenda assumes a central role in the international scenario, with new geopolitical and social contours.

The Innovation Forum is sponsored by the German Agency for International Cooperation (GIZ), the JBS Fund for the Amazon, and the banks Bradesco, Itaú-Unibanco and Santander, in addition to institutional support from the Interamerican Development Bank (IDB). 

Partners

The realization of F2iBAM is supported by the Government of Amazonas, through the State Secretariat for Economic Development, Science, Technology and Innovation of Amazonas (SEDECTI-AM); the Arapyaú Institute; and WRI Brazil.

Look on here the complete schedule.

Amazon Bioeconomy Investment Innovation Forum (F2iBAM) 

Date: from the 14th to the 25th of June 

Virtual event, from Monday to Friday, with one or two daily panels – from 11:00 am to 12:30 pm and from 3:00 pm to 4:30 pm (Brasilia time). Simultaneous translation into English and Spanish.

How to participate

Entries are free and can be made on the website www.bieconomiaamazonica.com.br

About

Legal Amazon Interstate Sustainable Development Consortium

It brings together the nine states of the region around a common agenda aimed at sustainable development in the region.

A Concert for the Amazon

It is a network of people, entities and companies formed to seek solutions for the conservation and sustainable development of the Amazon. Today, it brings together more than 200 leaders engaged in creating a democratic space where dozens of initiatives in defense of the Amazon meet, dialogue, increase the impact of their actions and generate new actions in favor of the forest and the populations that live in the region.

Legal Amazon Green Recovery Plan

The initiative's main objective is to implement a series of measures to promote the socioeconomic development of the Brazilian Amazon in a sustainable way.