The convergence of multiple crises – food, energy, environmental, climate change and finance – in combination with the rise of important global political economic players has triggered profound agrarian and environmental transformations worldwide. There is a global rush to control natural resources in order to produce food, fuel, and energy for climate change mitigation and adaptation purposes; partly as a result of financialization of agriculture, nature, food systems and farmland. How does one govern such complex and fluid ‘value webs’?
The bioeconomy is promoted as a response to current global social and environmental crises, with its promise of replacing fossil fuels with ‘renewable’ biological resources. How does it play out on the ground? Who wins and who loses? And what are the alternatives?
The RAI principles do not move further in navigating the slippery terrain of defining ‘responsible’ versus ‘irresponsible’ investment - possibly resulting in them doing more harm than good. It is essential to push back against a regressive use of the principles and monitor what other actors are doing in the name of the principles.