COP 29 side event: Sustainable forest-based bioeconomy for climate change mitigation and adaptation
COP 29 side event: Sustainable forest-based bioeconomy for climate change mitigation and adaptation
Conference of the Parties (COP)
Our Head of Advocacy, Thorsten Arndt, joined the panel discussion on Finance and investment in forest product value chains for climate action at the COP 29 side event Sustainable forest-based bioeconomy for climate change mitigation and adaptation.
The panel focused on how mobilising new investments can support the development of the sustainable forest-based bioeconomy and accelerate the transition to carbon neutral economies. Participants discussed opportunities for leveraging partnerships between the private sector and other stakeholders to enable and scale forest product value chain innovations for climate action.
Led by the Food and Agriculture Organization of the United Nations (FAO) and the Collaborative Partnership on Forests (CPF) and co-led by the Government of Japan and the International Tropical Timber Organization (ITTO), the event explored the potential of a sustainable forest-based bioeconomy for for halting deforestation and mitigating climate change.
Achieving a sustainable forest-based bioeconomy can support "enhanced efforts towards halting and reversing deforestation and forest degradation by 2030" as recognised in the first global stocktake of the Paris Agreement, while contributing to achievement of the SDGs and the Global Forest Goals.