Biocracy refers to a system of governance and decision-making that prioritizes the well-being and health of living systems, including ecosystems, species, and human communities. Biocracy promotes holistic, participatory, and adaptive management, integrating science, traditional knowledge, and collective decision-making. The goal is to cultivate a mutually enriching relationship between humans and the natural world. As a result, all human actions have an impact on Biocracy. This study covers annual data from 2010 to 2022 for a group of member countries of the COP28 with the percentage of emissions reduction needed to meet the 1.5-degree Celsius target by 2030 among current top emitters and employs the tobit panel model with a limited dependent variable (LDV). The primary economic variables that substantially influence Biocracy are GDP growth, foreign investment, inflation rate, employment, trade-related variables (exports and imports), and governance. The results indicate that the governance index and imports variable have the most significant positive effect on Biocracy, and the elasticity of governance has the largest impact on Biocracy among all the variables studied. The study’s objective is to identify strategies to enhance Biocracy without hindering economic growth, with an emphasis on the role of good governance.

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