At the recent G20 meeting, Razan Khalifa Al Mubarak addressed the transformative potential of the Bioeconomy Initiative, emphasizing its alignment with the global sustainability agenda. This initiative is a testament to the ongoing efforts to integrate the Rio Conventions—on climate, desertification, and biodiversity—into a coherent strategy that supports sustainable development.
During her address, Ms. Al Mubarak highlighted the significant achievements of COP28, particularly the integration of nature-based solutions into climate strategies, which are vital for enhancing food systems and revising Nationally Determined Contributions (NDCs). These revisions are crucial for harnessing nature as a key ally in achieving climate mitigation and adaptation goals.
The financing of the bioeconomy was also a key topic, with a focus on ensuring that investments benefit indigenous peoples, local communities, and smallholder farmers. The development of actionable Bioeconomy Principles under the G20’s guidance aims to accelerate efforts towards the Paris Agreement and the Global Biodiversity Framework, promoting a transition towards a net-zero, nature-positive economy that prioritizes equity.
Ms. Al Mubarak’s call to action encourages a comprehensive approach to climate action, looking forward to further advancements under South Africa's G20 leadership next year.
