Investment Innovation in the Amazon Bioeconomy Forum
The event, which seeks to bring entrepreneurs and investors together, will have an annual edition and will become part of the Green Recovery Plan (GRP) calendar, which includes a series of measures to boost the region’s sustainable development.
Manaus, May 20, 2021 – Between June 14 and 25, researchers, experts, entrepreneurs, investors, public managers, and civil society representatives will meet virtually to discuss ways to create new business financing mechanisms linked to the Amazon bioeconomy.
As a result of a partnership between the initiative “A Concertação pela Amazônia” (an orchestrated action for the Amazon) and the Interstate Consortium for Sustainable Development of the Legal Amazon, the Investment Innovation in the Amazon Bioeconomy Forum (F2iBAM) seeks to provide an opportunity for information exchanging on projects and programs looking forward to rethinking funding sources capable of leveraging the green economy as a new development matrix. The Amazon biodiversity has presented itself as a key to foster economic models capable of adding value to the standing forest and generating prosperity for local communities.
F2iBAM will be held entirely online with 15 panels featuring renowned professionals with national and international achievements. Registration is free and can be made at: www.bioeconomiaamazonica.com.br.
The event aims to provide a favorable environment for partner networks to develop innovative financing mechanisms, connecting experts in finance and investment, entrepreneurial organizations, startups and speedups, development banks, and public policymakers, among others, to increase the scale of investments and the positive social impact of these players in the Amazon.
“We need to shed lights on the connections that exist between biodiversity and the climate agenda, as well as their implications for business and investment. The global context calls for robust actions to give scale to sustainable models, at the same time as it is necessary to invest in infrastructure that allows the development of these productive chains, the protagonism of traditional communities, and a fair distribution of generated benefits,” says the governor of Maranhão and president of the Interstate Consortium for Sustainable Development of the Legal Amazon, Flávio Dino.
“We are happy to lead this event that will be extremely important for the bioeconomy in the Amazon region and to be able to share this initiative along with the Interstate Consortium for Sustainable Development of the Legal Amazon. Amazonas has countless potentialities for the bio-economy and, as far as the State Government is concerned, we will encourage the productive chains and take more development to our countryside,” emphasized the Amazonas governor, Wilson Lima.
The Brazilian bioeconomy moves a market of US$326.1 billion, according to a survey done in 2018 by the National Bank for Economic Development (BNDES). However, this amount includes 12 productive sectors, such as agriculture and cattle raising, representing 53% of the revenue. It becomes necessary to qualify bioeconomy activities to show that a sustainable bioeconomy still requires investments with specific characteristics.
“In Brazil, the economy has always been linked to the use of natural resources, from the exploitation of brazilwood to today, within agribusiness. However, the global economy today is moving to include biodiversity more strategically in its activities, and Brazil has all the necessary means to occupy a leading position in this path,” says Carolina Genin, WRI Brazil’s Climate Director and co-leader of the Bioeconomy Working Group of the “Uma Concertação pela Amazônia” network. “Although there are examples of programs to encourage sustainable models of extractivism and agroforestry systems, no national strategy is currently directed towards the bioeconomy. The same applies to the lack of measures that consider the social and cultural richness attached to it in regions such as the Amazon.”
F2iBAM will be held annually and will be part of the events calendar inserted in the Green Recovery Plan for the Legal Amazon, a set of measures to boost sustainable economic development in the region. The initiative is from the Consortium 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 combat against deforestation and the strengthening of the bioeconomy are the main subjects that guide the proposals.
The event occurs at a symbolic moment. With the return of the United States to environmental debate, in the wake of Joe Biden’s election, and the upcoming 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 UN Framework Convention on Climate Change, to be held in Glasgow, Scotland, in November), the climate agenda is moving back to center stage in the international scenario, which takes on new social and geopolitical contours.
The Innovation Forum is sponsored by the German International Cooperation Agency (GIZ), the JBS Fund for the Amazon, the banks Bradesco, Itaú-Unibanco, and Santander, and the institutional support from the Inter-American Development Bank (IDB).
F2iBAM has the support of the Amazonas State Government, under the responsibility of the Amazonas State Secretariat for Economic Development, Science, Technology, and Innovation (SEDECTI-AM); the Arapyaú Institute; and WRI Brazil.
Check here for the complete program. (www.bioeconomiaamazonica.com.br/#programa)
Investment Innovation in the Amazon Bioeconomy Forum(F2iBAM)
Date: June 14-25
The online Forum will have one or two panels daily from Monday to Friday, from 11 am to 12:30 pm and from 3 pm to 4:30 pm (BRT). Remote simultaneous interpretation into English and Spanish will be available.
How to participate:
Registration is free and can be made starting on May 24, at www.bieconomiaamazonica.com.br.
Interstate Consortium for Sustainable Development of the Legal Amazon
It brings together the region’s nine states around a common agenda aimed at the region’s sustainable development.
“Uma Concertação pela Amazônia” (An Orchestrated Action for the Amazon)
It is a network of individuals, entities, and companies organized to seek Amazon preservation and sustainable development solutions. Today, the network brings together more than 200 leaders engaged in creating a democratic space where the dozens of initiatives to protect the Amazon can meet, debate, leverage the impact of their actions, and generate new initiatives for the benefit of the forest and the people who live in the region.
Green Recovery Plan for the Legal Amazon
The initiative’s main objective is to implement a series of measures to boost the sustainable socio-economic development of the Brazilian Amazon.