The G20, a coalition of leading global economies, is in a strategic position to address global challenges, ranging from economic and social inequality to critical environmental issues. With Brazil holding the presidency in 2024, the group introduced a new agenda focused on the bioeconomy, signaling the country’s intention to lead the global debate and boost sustainable development. This is a first in the multilateral arena, highlighting Brazil’s role as an active proponent in formulating strategies for a global green economy.
The bioeconomy, covering sectors such as food, energy, cosmetics, agricultural bio-inputs and cleaning products, promotes the efficient and sustainable use of natural resources. It is seen as key to the transition from fossil to renewable resources, reducing carbon emissions and conserving biodiversity. In this scenario, Brazil, with its rich biodiversity and economy based on natural resources, presents itself as a natural leader. The G20 Bioeconomy Initiative, under the Brazilian presidency, is structured around science, technology and innovation; sustainable use of biodiversity; and promoting sustainable development.
Brazil faces the challenge of overcoming international distrust regarding its environmental management. Despite being responsible for just 3% of global greenhouse gas emissions and having one of the cleanest energy matrices in the world, the country is still viewed with skepticism. This scenario imposes the need to strengthen Brazil’s image, showing its commitment to green public policies and the promotion of an economy based on sustainability.
In the field of renewable energy, Brazil stands out globally. EPE points out that the country has a diversified energy matrix, with a large share of renewable sources such as hydroelectric, wind, solar and biomass. These sources represent an opportunity for Brazil to strengthen its position as a leader in clean energy and sustainability. Institutions such as Abiogás and CiBiogás highlight the potential of biogas and biomass, not only as sources of energy, but also as vectors for rural development and reduction of inequalities.
When approaching the Bioeconomy Initiative at the G20, Brazil highlights the importance of international cooperation, fair trade and technological innovation. Discussions have been directed towards creating a common market for bioeconomic products, fostering global trade and technology transfer. This initiative also aims to combat non-tariff barriers that limit access to international markets for sustainable products.
As the G20 moves towards its summit in Rio de Janeiro, Brazil has the opportunity to solidify its leadership role in the transition to a greener global economy. With preparatory meetings already showing promising results, the country can direct global efforts towards sustainable solutions, aligned with the United Nations Sustainable Development Goals. In summary, Brazil’s involvement in the G20 and its emphasis on the bioeconomy and energy transition signal a strategic move towards leadership in sustainable innovation and effective responses to climate change.
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