Why do we need a circular bioeconomy?
In the last 50 years, the biosphere upon which humanity depends has been altered to an unparalleled degree. Our current economic model, which relies on fossil resources and is addicted to “growth at all costs”, is putting at risk not only life on our planet, but also the world’s economy.
A circular bioeconomy offers a conceptual framework for using renewable natural capital to holistically transform and manage our land, food, health and industrial systems as well as our cities. Putting forward a new economic model will require transformative policies, purposeful innovation, access to finance, risk-taking capacity as well as new and sustainable business models and markets.
The Circular Bioeconomy Alliance was established in 2020 to accelerate this transition to a circular bioeconomy that is climate neutral, inclusive and prospers in harmony with nature.