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“Sustainomy,” a new paradigm aimed at reengineering world orders and values from the existing economy to a new one by highlighting opportunities that optimize Prosperity, while being able to manage global resources. Panelists at the third session of the 9th Multi-stakeholder Forum on Science, Technology and Innovation for the Sustainable Development Goals, “Bridging the science, technology, and innovation divides to eradicate poverty,” discussed issues on how technologies and strategies can combat poverty and hunger while considering trade-offs with other SDGs. The panelist emphasizes the importance of employing affordable and open-source technologies to address these challenges efficiently.
Thu 09 May 2024, 10.00 am — Fri 10 May 2024, 6.00 pm
PUBLIC SECTOR SUPPORT
In low-income countries, the Agrifood Industry relies heavily on small-scale producers with limited resources and low productivity. Public support is crucial due to their limited financing. Therefore, public investment in R&D and agricultural innovation is vital for inclusive progress.
OVERCOMING CLIMATE CHANGE
Climate change presents significant challenges to small-scale farmers, who are already vulnerable due to low productivity and limited resources. However, technological advances offer solutions. Innovations like climate-resilient crops and precision agriculture can enhance the resilience and sustainability of agrifood systems, helping to mitigate the impact of adverse weather and other climate-related risks on food production and livelihoods.
IMPACTS OF AUTOMATION
AI technologies are revolutionizing agriculture by optimizing practices, boosting yields, and reducing waste and environmental harm. Precision farming with GPS and data analytics improves irrigation, fertilization, and pest control, cutting resource use. Drones and satellites offer real-time data for crop surveillance and health. However, assessing socioeconomic and environmental impacts is crucial to ensure inclusive progress and address risks like job loss from automation.
INTO SUSTAINOMY
"Sustainomy" introduces a new paradigm of inclusive wealth distribution, environmental restoration, and enhancing worker capability with AI. Ensuring entities are Future-ready involves embracing sustainable business practices focused on profit, people, and planet. Discussions emphasize achieving economic inclusivity by understanding resource use in public and private sectors, navigating climate change with genetically modified crops, and ensuring AI enhances rather than replaces jobs. Sustainable agriculture aligns with Sustainomy as panelists discuss leading low-income nations into the global economy. They highlight the need for private and public sector support, overcoming climate change, and managing automation impacts. Moving forward, we can empower the lowest levels, support ecosystems, and use AI effectively, advancing toward Sustainomy.
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