Editor’s choice
Editor’s choice
part of G20 policy engagement
Start readingThis policy brief highlights lessons for sustainable development and small business that emerged from the analysis of participation of micro, small and medium-sized enterprises (MSMEs) in transitions to bioeconomy in the global South.
Global trends indicate that MSMEs are transforming towards innovation and sustainability. They are engines of growth that create employment and drive innovation worldwide. As such, MSMEs increasingly play a key role in transformational changes surfacing in the pursuit of robust bioeconomies in Africa, Asia and Latin America.
In addition to highlighting lessons from the authors’ analyses, this brief identifies key measures needed for progress: institutional frameworks that enable coordination across sectors; a business environment that supports value addition and sustainable business models for MSMEs; and constructive links between relevant academia, research centers, and businesses. The authors argue that South-South cooperation on bioeconomy-related issues is essential for growth and innovation in MSMEs and the bioeconomy. They recommend establishing targeted, collaborative platforms among Africa, Asia and Latin America – led by a G20 country in each region – to initiate and foster such mutually beneficial cooperation. Four key achievements that can result from this are outlined in this brief.
Initiative / This initiative aims to guide decision-makers towards more cohesive and constructive governance of bioeconomy pathways, with a focus on the Global South.
Feature / Africa's bioeconomy could power jobs, industry and climate resilience, but only if finance, knowledge and innovation start moving in step.
Media coverage / SEI’s Alphayo Lutta emphasizes that one way Kenya can reduce its vulnerability to global oil disruptions is to give greater attention to its bioeconomy.
Perspective / Recent forums on circular economy in the Asia-Pacific focused on driving policies for a just transition.
