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27 Bioconversion of Waste to Wealth as Circular Bioeconomy Approach

27.6.1

Current Trends in Bioeconomy

1. Biodiplomacy

This concept pertains to the approach of diplomacy among countries to include a

concerted and sincere effort to tackle global warming and other climate changes.

This includes a global approach toward bioconservation that also ensures a secure

human livelihood [32].

2. Identifying targets for an internationally agreeable sustainable development

goals and linking them to bioeconomy, for monitoring progress [33].

3. Developing an educational framework for a better understanding and propaga-

tion of the concept of CBE [34].

27.7

Conclusion

CBE is a concept that ensures an effective utilization of natural resources, while

trying to develop technologies that are eco-friendly. These technologies need to be

economically feasible and also need to get acceptance from the public at large. This

concept, currently at its nascent stage, is bound to be the future solution for environ-

mental protection and sustenance of natural resources.

List of Abbreviations

CBE

Circular bioeconomy

CE

Circular economy

FSCW

Food supply chain waste

LCA

Life cycle analysis

LCC

Life cycle cost

MSW

Municipal solid waste

OFSMW

Organic fraction of municipal solid waste

References

1 Camacho-Otero, J., Boks, C., and Pettersen, I.N. (2018). Consumption in the

circular economy: a literature review. Sustainability 10: 2758. https://doi.org/10

.3390/su10082758.

2 European Environment Agency, (2018). The circular economy and the bioecon-

omy partners in sustainability. EEA Report No 8, Denmark. ISSN: 1977-8449.

http://dx.doi.org/10.2800/02937.

3 Carus, M. and Dammer, L. (2018). The “circular bioeconomy” – concepts, oppor-

tunities and limitations. Industrial Biotechnology 14: 83–91. https://doi.org/10

.1089/ind.2018.29121.mca.