The Bioeconomy, Circularity, and Sustainability - How the Concepts Are Conceptualized in the Forestry Sector

30 Pages Posted: 19 May 2022 Last revised: 29 Jun 2022

See all articles by Camilla Widmark

Camilla Widmark

Swedish University of Agricultural Sciences (SLU) - Department of Forest Economics

Marco Persichina

Swedish University of Agricultural Sciences (SLU) - Department of Forest Economics; University of Umea - Department of Economics; Swedish University of Agricultural Sciences (SLU) - Center for Environmental and Resource Economics (CERE)

Adan L. Martinez-Cruz

Department of Forest Economics, SLU; CERE; ETH Zürich - Centre for Energy Policy and Economics (CEPE)

Date Written: May 18, 2022

Abstract

This report describes the concepts of bioeconomy, sustainability, and circularity, as well as how they relate to each other. Using forests and forestry sectors as illustration, this report also discusses how a sustainable circular bioeconomy may be conceptualized. Bioeconomy is a concept permanently evolving due to its major role in political and economic debates, in particular in the EU. In recent times, the bioeconomy concept has been connected to circularity to further enhance sustainability and promote development of a bio-based economy. Forests have a key role in the development of the bioeconomy as they provide biomass that can replace fossil fuel–based materials. However, a forest-based bioeconomy is dependent on a balance between biomass production and sustainable ecosystem management. Thus implementation of a forest-based bioeconomy should take into account the environmental limits of new biotechnologies and value chains that require massive amounts of bioresources, and it must follow a sustainable development path that recognizes the innovative processes that can drive the bioeconomy forward.

Keywords: Bioeconomy, circular economy, sustainability, forest sector

JEL Classification: Q0

Suggested Citation

Widmark, Camilla and Persichina, Marco and Martinez-Cruz, Adan L., The Bioeconomy, Circularity, and Sustainability - How the Concepts Are Conceptualized in the Forestry Sector (May 18, 2022). Available at SSRN: https://ssrn.com/abstract=4112706 or http://dx.doi.org/10.2139/ssrn.4112706

Camilla Widmark

Swedish University of Agricultural Sciences (SLU) - Department of Forest Economics ( email )

S-901 83 Umea
Sweden

Marco Persichina

Swedish University of Agricultural Sciences (SLU) - Department of Forest Economics ( email )

S-901 83 Umea
Sweden

University of Umea - Department of Economics ( email )

Umeå University
Umea, SE - 90187
Sweden

Swedish University of Agricultural Sciences (SLU) - Center for Environmental and Resource Economics (CERE) ( email )

Almas Allé 10
Umeå, 750 07
Sweden

Adan L. Martinez-Cruz (Contact Author)

Department of Forest Economics, SLU ( email )

S-901 83 Umea
Sweden

HOME PAGE: http://https://www.researchgate.net/profile/Adan_Martinez-Cruz

CERE ( email )

Almas Allé 10
Umeå, 750 07
Sweden

ETH Zürich - Centre for Energy Policy and Economics (CEPE) ( email )

8092 Zurich
Switzerland
+41 44 633 80 97 (Phone)

HOME PAGE: http://www.eepe.ethz.ch/people/madan

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