The bioeconomy is not a new concept. Humans have been using biological resources to meet their needs for thousands of years. The bioeconomy is an economy that uses biological resources to create sustainable products, services, and energy. It seeks to reverse the shift towards non-renewable resources by the industrial revolution by promoting the use of renewable resources, reducing waste, and promoting sustainable production and consumption. It is built on the principle of circularity, where waste from one process is used as a resource in another process.
The emerging bioeconomy results from a heightened awareness of public and private corporates over environmental risks and ecological scarcities that we are staring at. Depleting fossil fuels and climate change is pressing the transition to renewable energy resources. Of course, it is also driven by rising regulatory compliances and consumer demands.ather than dedicated energy crops and promoting agroforestry and other forms of sustainable land use.
Read more about Biofuels & Bioeconomy in Manufacturing Today’s March edition