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