Bio-Economy: Visions, Strategies, and Policies

Bio-Economy: Visions, Strategies, and Policies

Baseem Khan
Copyright: © 2019 |Pages: 20
DOI: 10.4018/978-1-5225-7958-8.ch001
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Abstract

As the world's economy is transforming from conventional to sustainable mode, bio-economy will play an important role in this transition. The development of sustainable bio-economy is the great challenge in different parts of the world. For this purpose, adequate visions, strategies, and policies are required. Therefore, this chapter deals with the adequate visions, key strategies, and important policies for the development of sustainable bio-economy. Some case studies also presented where these visions, policies, and strategies are already implemented.
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Background

The main aim of this chapter is to address various visions, strategies and polices, which are utilized by various countries for the development of sustainable bio-economy. Though, to develop a strategic framework, the OECD agenda on bio-economy policy and strategy development is required to discuss first. The criteria for the selection of countries and regions to develop sustainable bio-economy is that these regions should rich in bio based resources and they should have research experience in the area of bio-economy development. Regions should have large forest areas that will be main aspects for the development of bio-based economy. Along with that regions should have innovations and research in the field of bio-products based industries and bio-refineries.

Key Terms in this Chapter

Bio-Refinery: It represents all economic actions performed from research and scientific actions focused on biotechnology.

Bio-Ecology: It is the stream of biology which studies the connection between various living organisms and their environment.

Bio-Technology: The utilization of biological processes for commercial and industrial purposes.

Bio-Resources: These are biogenic resources other than fossil fuels those can be utilized for various purposes.

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