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Home > Databases > Library > The circular bioeconomy: A business opportunity contributing to a sustainable world

The circular bioeconomy: A business opportunity contributing to a sustainable world

November 2020
Source: 
World Business Council for Sustainable Development (WBCSD)
The circular bioeconom_WBCSD.jpg
This report describes a business opportunity worth USD 7.7 trillion represented by the shift to a sustainable, low-carbon, circular bioeconomy for food and feed waste, products, and energy. It supports companies on their journey to circular bioeconomy through case studies and guidance to overcome the sustainability trade-offs associated with circular bioeconomy business models. Based on several interviews with businesses engaging in the industry, the report found that the main barriers are: 
  • Financial flows (particularly additional costs) 
  • Technology 
  • Policy and regulation 
  • Mindset and values, due to the existing negative public perception of bio-based materials
The report also finds transformation toward a circular bioeconomy is crucial to solving our most pressing societal issues, ensuring companies have the required resources to produce goods and services and continuing to create value in the long-term.
 
Read online
Sectors: 
Energy Supply and Services, Waste Management and Recycling
Business Sectors: 
Energy Supply and Services, Food Processing, Manufacturing, Waste Management and Recycling
Themes: 
Circular Economy
Key search terms: 
Bioeconomy

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