Discussion Forum:

Transforming businesses

Think about it!

Take a moment to reflect on some of the key issues related to business and nature from the recent news. How might these issues affect the future?

Nature-positive businesses:

What signs and trends do you see for the emergence of nature-positive businesses? What evidence do you see?

Bioeconomy:

Many countries are promoting a bioeconomy. What are the enabling factors that must be in place for a bioeconomy to thrive?


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Vinamra Mathur

There has been huge shift in finding sustainable solutions to packaging and e commerce sector. The ideas and concepts of upcycling and reusing waste by product are already very common in countries in the global south however upscaling these solutions is where the true issue lies. India has multiple examples of finding climate solutions in waste products.

Andreea

Thank for the hints on where to find more examples, @Vinamra Mathur! Circular economy and living within planetary boundaries are amazing tools for nature-positive business, and they include many practical actions such as the ones you mentions (e.g. reusing waste and upcycling).

Would anyone else want to share some other examples?

Diego Nahuel Campos Salazar

Hello @Andrea Pazos Niño de Guzmán . Thanks for your sharing. I think seaweed-based products are starting to become more common in the market since macroalgae have different compounds that can replace traditional materials, such as plastics. Seaweed aquaculture, therefore, will become a very demanding sector soon. It is up to us to make it sustainable and avoid what already happened with the salmon industry.

Andreea

Hello @Diego Nahuel Campos Salazar ! Thank you for sharing your thoughts as well! Are there any current gaps, anything that would transform current business practices in the field?

Andrea Pazos

I think bioeconomy, in order to thrive, will certainly need investment in research and development (for biotechnology or bio-based industries for example). But, of course, circumstances and factors could depend on the different realities of each country… Anyone willing to share which would be the most promising sectors of the bioeconomy in their country and why? or.. what policies or incentives do you think have been the most effective in specific cases?

Virginia Scherer

A great question, @Andrea , I look forward to hearing from more communities regarding promising sectors in their countries! This is a great space to share and brainstorm ways to support bioeconomy.

Andreea

Hello @Andrea Pazos Niño de Guzmán ! Thank you for sharing your thoughts! Identifying the most promising sectors is indeed challenging, yet research and innovation remain a key player to solving many of our biodiversity challenges. I have in mind a very simple yet locally effective solution, implying changes to managing parks and other green spaces within urban areas. I personally believe even such apparently simple actions can contribute to greater impact. Having such examples doubled by research seems promising!

Sahil Munjal

Definitely it’s time to make business nature positive

Last edited 8 months ago by Sahil Munjal
Andreea

Indeed! Would you have any specific business example in mind, @Sahil Munjal? Any critical challenges to be solved first, in your local or regional environment?

Last edited 8 months ago by Andreea Alexandra Mitrofan
Biniam Belete Begna

In the case of Ethiopia, some of the promising sectors of the bioeconomy include: agro-processing, herbal medicine and pharmaceuticals manufacture, renewable energy, and eco-tourism. The agro-processing involves food and beverage processing. Ethiopia has a rich tradition of using herbal medicines, and there is a lot of promise to use indigenous knowledge for the development of herbal medicines. Concerning renewable energy, the country has the potential to reduce dependency on fossil fuels by utilizing biomass energy sources including crop residues and organic waste, as well as biofuels and biogas. On the other hand, the diverse landscapes, rich cultural legacy, and abundant biodiversity make the country appealing to eco-tourists.

Andreea

Thank you for sharing your thought, @Biniam Belete Begna ! It is for such examples that we learn first-hand stories from all over the globe!