Businesses can play an important role in combating the causes of biodiversity loss. On the one hand, the services provided by nature are at the basis of many economic processes. On the other hand, economic activity alters biodiversity and ecosystems – and often degrades them.
The Indian Business and Biodiversity Initiative (IBBI), together with the Indian Ministry of Environment, Forests & Climate Change (MoEFCC) and the Confederation of Indian Industry (CII) hosted its third annual meeting in Mumbai in June 2017. More than 100 representatives of small and medium enterprises (SMEs), as well as representatives of big companies, participated in it. The conference addressed the contribution of the private sector in India to the National Biodiversity Targets 2020.
The Indo-German Biodiversity Program (BMZ), in collaboration with the global project Private Business Action for Biodiversity (BMUB) contributed with two sessions. The Indo-German Biodiversity Program organized a first session that addressed the importance of biodiversity for the adaptation to and mitigation of climate change. The global project organized a panel discussion with representatives of the private sector, government and civil society on potentials and challenges of sustainable agriculture and forestry, with a focus on how biodiversity-friendly production and commercialization can be better considered in these two sectors, addressing the challenges and opportunities for SMEs.
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