For the first time, the G20 group of the world’s biggest economies has reached a multilateral agreement on principles to develop the bioeconomy, but conflicting concepts pose obstacles for traditional communities and can lead to investments in predatory practices.
According to the bank, between 2012 and 2022, the cost of commercial credit was higher for micro and small businesses than for larger enterprises in the Colombian Amazon.“Banks will often refuse to finance bioeconomy initiatives because they can take over a decade to become productive and [profitable], not to mention that they are often not competitive in market terms,” Straatmann said.
First, it must commit to zero deforestation; second, to value and protect biodiversity; third, to preserve traditional production methods and local knowledge; and finally, a truly Amazonian bioeconomy must equitably share the benefits with the populations who make it possible.
The story "Indigenous communities challenge the bioeconomy’s capitalist underpinnings" has 1925 words across 65 sentences, which will take approximately 9 - 17 minutes for the average person to read.
Which news outlet covered this story?
The story "Indigenous communities challenge the bioeconomy’s capitalist underpinnings" was covered 1 days ago by Eco-Business, a news publisher based in Singapore.
How trustworthy is 'Eco-Business' news outlet?
Eco-Business is a fully independent (privately-owned) news outlet established in 2009 that covers mostly economy and business news.
The outlet is headquartered in Singapore and publishes an average of 0 news stories per day.
It's most recent story was published 1 days ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
Eco-Business
