As part of efforts to promote green economic growth and implement a circular economy, the Ministry of National Development Planning/Bappenas will hold the Green Economy Expo 2024 from July 3-5, 2024. This event aims to: 1) bring together stakeholders (government and non-government) to identify solutions for issues related to the green economy; 2) promote green technologies and innovations currently being developed by national stakeholders; and 3) provide opportunities to explore ideas and exchange thoughts in the context of green technology and innovation. The main topics to be discussed at this exhibition include the development of a circular economy ecosystem, comprehensive energy transition, and strengthening research and development.

The Green Economy Expo 2024 offers participants the chance to network, form partnerships, and build synergies to drive future change. Stakeholders expected to actively participate in the dialogue include representatives from central and provincial governments, industry, academia, financial institutions, and civil society. The Green Economy Expo will also host various thematic talk shows over the course of three days. The discussions will revolve around the green economy, including topics related to the bioeconomy.

Indonesia’s bioeconomy holds significant economic potential, contributing 15% of Indonesia’s GDP from the environmental and forestry, agriculture, fisheries and marine sectors, as well as waste utilization. However, the unsustainable development of the bioeconomy often leads to land-use changes, land degradation, and pollution, which can result in biodiversity loss and climate change. To prevent this, it is important to apply the principles of circularity through a circular economy approach so that the development of the bioeconomy can be more broadly utilized and focused on the primary needs of humans while minimizing environmental impact. Operationally, the circular economy is defined as an economic model that applies a systemic approach to minimize resource use, design products to have the longest possible lifespan, and return production and consumption residues to the value chain.

Through the talk show themed “Accelerating Circularity in Bioeconomy Industries,” it is hoped to provide a platform for stakeholders to discuss the development of the bioeconomy in Indonesia, including its economic potential, available and needed policies and regulations, as well as the opportunities, stages, and challenges of implementing circularity in the bioeconomy in Indonesia.