Future Economy Forum at UN Climate Change Conference SB60

Bonn, Germany. June 2024
At the UN Conference SB60 Side event, “Financing a Just Transition to Regenerative Food Systems through Multi Stakeholder Collaboration” with Sekem, Imaflora, EIT Food, NCS & Future Economy Forum. Spirited discussion and diverse perspectives shared.

Contributors:

Dr. Lucy Wallace, Director of Global Relationships EIT Food 
Dr. Ahmed ElShazly, Director of Sponsored Programs and International Relations, Heliopolis University
Walter Link, CEO & Co-Founder, Future Economy Forum
Hunter Lovins, President, Natural Capitalism Solutions
Merijn Dols, Co-Founder, Future Economy Forum

🌍 Session Overview:
The session,Financing a Just Transition to Regenerative Food Systems through Multi Stakeholder Collaboration” addressed how regenerative agriculture can address the climate crisis, and outlined concrete initiatives on the ground that are successfully underway globally that promote regenerative agricultural practices. 

With examples from Egypt, India and Brazil, the panel presented tangible cases that demonstrate a strong economic case for regenerative agriculture. The session highlighted the importance of meetings such as COP as opportunities for stakeholders to engage, to influence policies, and to jointly drive forward solutions at scale. 

Some key topics addressed: 

➡️ UN Conferences and multi stakeholder for system change

Merijn Dols, Co-Founder of the Future Economy Forum: “The COPs are an opportunity to influence negotiations and create important non-negotiated outcomes; approaches that are currently largely untapped. What we see in these multi-stakeholder fora is that climate action is made possible through the connection of humans, not through business cards. By bringing together different perspectives on the food system, we have the opportunity to create accelerated momentum for action.”

➡️ Regenerative farming as climate solution, launched from COP27

Dr. Ahmed Elshazly of Sekem and Heliopolis University: “Regenerative farming is a key climate solution. The EoL Whole System Carbon Credits support small holder farmers to be justly compensated for the ecosystem services they provide, and incentivize them to transition from conventional to biodynamic farming methods.” 

Dr. Elshazly continues, “The Future Economy Forum & Sekem’s collaboration starting from COP27 led to policy changes and collaboration with the Egyptian Stock Exchange and Financial Regulatory Authority to make these Carbon Credits officially systematized and endorsed. Starting from 2,000 farmers, the accreditation has scaled to 5,000 and aims for 40,000 by 2025.”

➡️ Smallholder Farmers are Stewards of the Soil, Enact Climate Solutions

Hunter Lovins, of NOW Partners & Natural Capitalism Solutions: “The example in Andhra Pradesh (APCNF) shows that regenerative agriculture is a solution that exemplifies a just transition. Along with renewable energy, regenerative agriculture is half the solution to the climate crisis.”

“We should stop seeing smallholder farmers as recipients of aid, but as stewards of the soil. This approach has the potential to reverse the impacts of climate change.”

➡️Both Official UN proceedings along with non-negotiated outcomes are critical for action: 

Walter Link, Co-Founder of Future Economy Forum: “The COP process is important but not enough. These proceedings need to be complemented also with non-negotiated action and outcomes. Government is important AND multi-stakeholder processes are important. We need to learn to work together.” 

Addressing the potential impact of whole system carbon credits for creating not only system change, but presenting a viable and impactful climate solution, Link commented: “Farmers are also business people; if they do not see the benefits, they will not change. Carbon credits present an incentive to transition to natural farming methods that sequester more carbon, reduce food insecurity & improve climate resilience, all while improving community health.”

➡️ Learn more about the Climate Solutions Event Series held in Bonn, and upcoming Climate Solutions events at UN Conferences from 2024-2025 in New York, Cali, Busan, Riyadh, Baku & Belem

events.futureeconomy.forum/cop29