A sustainable bioeconomy: A global challenge for a shared future

September 2, 2020 12:00 - 1:30

Location: Virtual Room 2

About

The bioeconomy encompasses the sustainable production of renewable biological resources and their conversion into value added products. The bioeconomy is seen as an opportunity for humankind to maximise outputs from raw materials, optimization of resources and waste reduction, reduce GHGs and substantially break the link between human consumption and environmental damage, while maintaining increasingly high standards of living.

A sustainable circular bioeconomy must increase resource efficiency of human activities through the use of 'wastes' and side streams arising from cultivating and processing of bio-based resources. The consumption of bio-based resources must not come at a cost to biodiversity, but rather enhance it, as it is critical to human survival and bioeconomy resilience. Key stakeholders in the bioeconomy such as biomass producers (e,g farmers) and their communities must be enabled to take a leading role so the maximum benefit to rural communiites can be achieved.

Sustainability has three key pillars i.e. economic, social and environmental. The scientific and technological breakthroughs needed to produce high value products for the benefit of society must work hand-in-hand with policy to ensure that the broad implementation of the bioeconomy at scale is sustainable for all.

The original bioeconomy strategies in Europe and globally were designed to provide a bio-based replacement of current fossil-resources. However, the ambition has shifted significantly in recent years so that the bioeconomy can go beyond simple substitution and use the unique complexity of nature to create products without a fossil equivalent that benefit society and planet.
We have gathered foremost interantional leaders from policy, industry, and academia in the bioeconomy and sustainability that will each give a 5 minute opening speech followed by a panel discussion on the economic, ecological and social opportunities and challenges for a sustainable future bioeconomy.

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