Bioeconomy and circular economy: synergy for sustainable development.
DOI:
https://doi.org/10.31498/2225-6725.1(39).2024.319286Keywords:
green economy;, sustainable development;, renewable resources;, closed cycles;, waste minimization;, innovation.Abstract
Contemporary global challenges, such as climate change, depletion of natural resources, and environmental degradation, require new approaches to economic development. Traditional models based on the intensive use of non-renewable resources can’t provide long-term stability and sustainable growth. In this context, bioeconomy and circular economy, which emphasize the principles of efficient resource use, innovative ecosystem restoration, and minimization of environmental impact, are becoming increasingly relevant. The bioeconomy involves using renewable biological resources to produce energy, materials, and products. On the other hand, the circular economy proposes closed production cycles where waste becomes a new resource, reducing the volume of waste and decreasing dependency on primary raw materials. These two concepts can be effectively integrated to achieve sustainable development, as both aim to minimize negative environmental impacts while creating new opportunities for economic growth.
This article examines the relationship and complementarity between the bioeconomy and the circular economy as two key approaches to sustainable development. The authors explore the potential integration of these models to ensure the rational use of natural resources, waste minimization, and reduction of environmental impact. Examples of companies that have successfully integrated bioeconomic and circular approaches are highlighted. Key obstacles to integrating bioeconomy and circular economy are also identified.
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