Report on proceedings of Kenya's high-level forum on access and benefit sharing arising from sustainable utilization of indigenous knowledge and genetic resources
Ministry of Environment Climate Change and Forestry
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Abstract: Sustainable utilization of cultural and natural resources is key to industrialization and economic growth of any country. Globally, the creative economy, which includes the creativity arising from indigenous knowledge and associated genetic resources (IKaGR), is valued at USD 2.25 trillion and accounts for about 30 million jobs dating back to 2013. Multiple forecasts predict that the creative economy could represent ten per-cent (10%) of the global Gross Domestic Product (GDP) before 2030. In this regard, deliberate and focused investments in the utilization of cultural and natural resources will generate valuable assets that will contribute to the marked growth of the national economy and increase the country's GDP.