| Title | Bridging the Gaps for a "Circular' Bioeconomy: Selection Criteria, Bio-Based Value Chain and Stakeholder Mapping |
|---|---|
| ID_Doc | 21112 |
| Authors | Lokesh, K; Ladu, L; Summerton, L |
| Title | Bridging the Gaps for a "Circular' Bioeconomy: Selection Criteria, Bio-Based Value Chain and Stakeholder Mapping |
| Year | 2018 |
| Published | Sustainability, 10.0, 6 |
| Abstract | Bio-products and bio-based value chains have been identified as one of the most promising pathways to attaining a resource-efficient circular economy. Such a valorization and value-addition approach incorporates an intricate network of processes and actors, contributing to socio-economic growth, environmental benefits and technological advances. In the present age of limited time and funding models to achieve ambitious sustainable development targets, whilst mitigating climate change, a systematic approach employing two-tier multi-criteria decision analysis (MCDA) can be useful in supporting the identification of promising bio-based value chains, that are significant to the EU plans for the bio-economy. Their identification is followed by an elaborate mapping of their value chains to visualize/foresee the strengths, weaknesses, opportunities and challenges attributable to those bio-based value chains. To demonstrate this methodology, a systematic review of 12 bio-based value chains, prevalent in the EU, sourcing their starting material from biomass and bio-waste, has been undertaken. The selected value chains are mapped to visualize the linkages and interactions between the different stages, chain actors, employed conversion routes, product application and existing/potential end-of-life options. This approach will help chain-actors, particularly investors and policy-makers, understand the complexities of such multi-actor systems and make informed decisions. |
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