Biobased Economy
The biobased economy is an economic model centered on the production and conversion of renewable biological resources—such as crops, forests, fish, and organic waste—into value-added products like food, feed, bio-based materials, and bioenergy. As an emerging alternative to the dominant fossil-based economy, it aims to create sustainable and circular value chains by moving away from a dependence on finite resources. This approach fosters innovation in fields like biotechnology and green chemistry to reduce environmental impact, enhance resource security, and stimulate new avenues for economic growth.
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