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Circular bioeconomy

Bioeconomy is the production, utilization and conservation of biological resources, including related knowledge, science, technology, and innovation, to provide information, products, processes and services across all economic sectors aiming toward a sustainable economy (Global Bioeconomy Summit, 2018). 

FAO is implementing the project ‘Towards sustainable bioeconomy guidelines’ to support countries in the development of sustainable and circular bioeconomy strategies and action plans, including in Uruguay and Namibia. 

For more about the project visit our dedicated project web page.

 

 

As stated at the Global Bioeconomy Summit 2018, the development of the bioeconomy globally, is and will be driven by 3 broad forces:  

  1. Societal aspirations and good governance for sustainable development and for improved health and wellbeing,
  2. Needs and opportunities of valorization and protection of biological resources, including residues, in the traditional bioeconomy core-sectors linked to agriculture, forestry, fishery, water management food and bioenergy,
  3. Scientific breakthroughs in biological, digital and other technology fields, expanding the frontiers of innovation possibilities.

The bioeconomy's cross-cutting nature offers a unique opportunity to comprehensively address interconnected societal challenges such as food security, fossil-resource dependence, natural resource scarcity and climate change, while achieving sustainable economic development. However, achieving sustainable bioeconomy development faces many challenges: these concern not only ensuring food security but also addressing climate change and managing natural resources in a sustainable way, managing competition between different uses of biomass feedstocks, while guaranteeing that bioeconomy development benefits everybody. It is therefore crucial to establish guidelines that enable it to be developed in a sustainable way. 

In January 2015, on the occasion of the Global Forum for Food and Agriculture (GFFA) meeting in Berlin, 62 Ministers of Agriculture recommended that FAO coordinates international work on bioeconomy. As a follow up, the German Ministry for Food and Agriculture (BMEL) has provided support to FAO to start working on Sustainable Bioeconomy Guidelines.

FAO is implementing the project ‘Towards sustainable bioeconomy guidelines’ to support countries in the development of sustainable and circular bioeconomy strategies and action plans, including in Uruguay and Namiba.

FAO also contributes actively to other bioeconomy international fora, including the International Advisory Committee (IAC) of the Global Bioeconomy Summit (GBS), and the International Bioeconomy Forum (IBF).