NATURE+ launches circular bioeconomy hub in India to inspire, innovate and integrate nature-positive businesses
CGIAR’s Nature-Positive Solutions Initiative, in collaboration with partner BAIF and other key stakeholders, established a Circular BioEconomy Innovation Hub (CBE-IH) in India. The hub is a collaborative space for researchers, innovators, financiers and scaling partners to transform circular bioeconomy ideas into products and services that benefit people and nature.
India is positioning itself to be a world leader in the field of circular economy. By 2050, the world’s most populous country aims to have a circular bioeconomy worth about USD $2 trillion that sustains 10 million jobs, as outlined in the National Circular Economy Framework.
India’s ambitious goals extend beyond its borders. In the hope of influencing and inspiring other nations, India recently launched the Global Biofuel Alliance with 19 countries and 12 international organizations. Recently India also hosted the G20 Research and Innovation Initiative Gathering (RIIG) that focused on circular bioeconomy with 100 delegates from the G20, nine other nations and international organizations.
India’s circular economy framework plans to tackle major issues related to energy reform and big-city waste management. It also aims to spur circularity in other sectors that produce waste, notably wastewater, domestic organic waste, and residues from the agricultural sector and rural areas. This is where CGIAR’s Nature-Positive Solutions Initiative (NATURE+) sees major potential, particularly where it aligns with the Initiative’s work to support circular economic activity to improve natural ecosystems, farm production, nutrition and livelihoods while ensuring water and food security and sustainable development.