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Why do we need the transition to Circular Bioeconomy?

The circular bioeconomy has the potential to transform our living systems by valuing nature.


The industrial era of the last 200 years or so has established a linear model of economic growth based on fossil fuels. While the industrial age has brought economic, social and technological progress, it has also resulted in overpopulation and the expansion of dense cities, and the resulting increasing challenges of climate change, resource overuse and environmental damage.


Linear expansion is putting unbearable pressure on ecosystems and the planet's resources, and is set to increase in the coming decades. Over 70% of us are affected by rising inequalities, one-third of the world's land is severely degraded, forests are being lost at an alarming rate, and up to one million species are threatened with extinction. Nature loss threatens more than half of the world's GDP ($44 trillion). 3


We now need a systemic shift towards nature-based, circular development to adapt to the new changes and to ensure that socio-economic development meets the health and well-being of a growing population while addressing the serious challenges we face today. The circular bioeconomy has the potential to transform our agricultural, food, health and industrial systems by valuing nature. This transition will provide opportunities for fighting climate change and repairing our damaged ecosystems.

European Forest Institute

Forest Bioeconomy as a Game Changer?

Forests and their products can contribute to decarbonizing our economy, restoring biodiversity, and generating inclusive growth, as long as they are managed sustainably.


The use of fossil raw materials is the leading cause of climate change. The use of fossil raw materials cannot be eliminated unless they are also replaced by forest bioeconomy products.The forest bioeconomy plays an important and diverse role in mitigating and adapting to climate change. For example, the construction industry, which is dominated by concrete and steel, could become more sustainable by incorporating wood. It is estimated that for every ton of concrete replaced by a ton of wood, carbon dioxide emissions are reduced by up to 2.1 tons over the product's lifetime. 4 Wood-based fibers could replace synthetic fibers in the textile industry, lowering the carbon footprint. Biodegradable wood paperboard can replace polluted and low-recycled plastic packaging in the packaging industry.


However, the sustainability of the bioeconomy should not be assumed by default. Instead, before making that assumption, more research, innovation and monitor are needed. Only If forest resources are managed sustainably for people and the planet, they have the potential to decarbonize our economy, restore biodiversity, and generate inclusive growth. The bioeconomy component that uses wood as a raw material must coexist with the other social and ecological functions of forests. Future development of the forest bioeconomy must involve a diverse network of actors, including consumers, forest owners, manufacturers of wood products, designers, academics, and policymakers.

BIG: Bjarke Ingels studio on biocities and biodiversity

Only If forest resources are managed sustainably for people and the planet, they have the potential to decarbonize our economy, restore biodiversity, and generate inclusive growth.
The circular bioeconomy has the potential to transform our living systems by valuing nature.

 

 

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Author

Jade Wang

Location

Beijing, China

Published

28/02/23

Reading time

5 min

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Building a Greener Future: The Emergence of the Green Economy

Sustainable use of nature's resources to create a closed-loop circular bioeconomy for a resilient and eco-friendly economy.

Green Economy

Author

Jade Wang

Credits

Location

Beijing, China

Published

28/02/23

Reading time

5 min

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What is Circular Bioeconomy?


A circular bioeconomy is an economy model powered by nature.


Circular Bioeconomy is a new economic model that emphasizes the use of renewable natural capital and focuses on minimizing waste, replacing the wide range of non-renewable, fossil-based products currently in use. 1

The circular bioeconomy, as defined by Palah et al. (2020) and Hetemäki et al. (2017), entails and is achieved through the provision of ecosystem services, the sustainable management of biological resources (plants, animals, and organic waste), and their circular transformation into food, feed, energy, and biomaterials within ecological ecosystem boundaries. 2


The bioeconomy and the circular economy are mutually beneficial. The bioeconomy is the circular economy's renewable component. To be successful, the bioeconomy must prioritize sustainability and circularity.

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