The Circular Bioeconomy Roundtable is the first initiative of the ‘Great Reset’ launched by the World Economic Forum

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Type of post: NEWS IN BRIEF.

A Circular Bioeconomy Roundtable, composed of leading representatives from science, investors and industry and convened by HRH The Prince of Wales, has discussed how to accelerate the transition to a circular bioeconomy to enable a carbon-neutral, renewable and inclusive economy that prospers in harmony with nature. The Circular Bioeconomy Roundtable is the first initiative of the ‘Great Reset’ launched on 3 June by the World Economic Forum.
Press release (EFI): “Circular bioeconomy offers game-changing solutions”, 26/5/2020.
10-Point Action Plan to catalyse a circular bioeconomy of wellbeing.
A circular bioeconomy of wellbeing (figure).


Figure 1. Flows in the circular bioeconomy of wellbeing (source: EFI)

The Roundtable discussed how to react to the COVID-19 crisis to transform the economy and putting forward the change that our society needs to create a sustainable and desirable future. A circular bioeconomy uses renewable natural capital to holistically transform and manage our land, food, health and industrial systems with the goal of achieving sustainable wellbeing.

The latest scientific insights and breakthrough technologies have been described in a new 10-Point Action Plan to catalyse a circular bioeconomy of wellbeing, coordinated by Marc Palahí, Director of the European Forest Institute (EFI). The Action Plan will serve as the guiding document for a new Circular Bioeconomy Alliance, to be established by His Royal Highness The Prince of Wales under his Sustainable Markets Initiative. EFI will play a key role in the newly established Alliance by facilitating the provision of knowledge-informed support, as well as providing a networking platform to connect the dots between investors, companies, governmental and non-governmental organizations to advance the circular bioeconomy globally.

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