The solutions

The bioeconomy as a way to transformation

The bioeconomy is an important part of the transformation towards sustainable future. Low-carbon and resource-efficient societies need the bioeconomy. It can help to boost the economies and create new jobs as well as to enhance the well-being in a sustainable way. The bioeconomy promotes a more resource-efficient circular economy based increasingly on renewable energy, products and materials produced through sustainable use of ecosystem services from land and water. It helps to combat climate change and reduce waste such as to utilize urban and rural side streams to recover nutrients from waste for the use of food production.

The bioeconomy and resource efficiency area also ways to tackle security of supply issues and market volatility in critical resources. This is especially important for those sectors and countries that depend on rare earth metals, fresh water, fish and food. Resulting from natural resource scarcities, resource costs are likely to gain in importance. This puts a significant advantage on resource-saving innovations.

As welfare in economies grows, people tend to move from rural areas to cities, which causes centralization of consumption and also waste production. Cities can consume up to 80% of the global material and energy supply and produce 75% of global carbon emissions[2]. In the areas of high population density, efficient use of resources, like water and materials, is highly necessary.

 

[2] UNEP (2012). Sustainable, Resource Efficient Cities – Making it Happen! p. 12

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