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BIO-BASED AND CIRCULAR ECONOMY
The approach to achieve economic growth through sustainability and environmental development is the core of the concept of circular economy. Circular economy emphasizes the utilization of by-products and recycling of materials applying different methods and using of nature's cycles for conserving materials, energy, and nutrients for economic prosperity. Within the context of sustainable development, circular economy focusses on the less utilization of resources to increase the efficiency of materials and energy use, to generate minimum waste, and to recycle and reuse of waste. The bio-based sector, as one of the largest producers and consumers of natural resources in Europe, has become a focal point in the context of the circular economy. Bio-based and circular economy is focused on economic aspects to enable the transition to a bio-based economy. These aspects are multifaceted and include resource management, policy approaches, closing of energy, water and nutrient cycles; bio-based business and sustainability analysis; risk management.
They are covered by the following main study areas:
Integrates economics and policy with the life sciences to face societal challenges of bio-based economy and develop innovative solutions for their management. |
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Presents an overview of the institutional framework in which the EU economy operates, the tendencies that are followed to ensure its functioning and performance, and the industrial policy for different economy sectors |
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Interdisciplinary by nature, it deals with the critical evaluation of sustainable solutions to design products, businesses and systems. |
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Reveals the business and societal aspects of bio-based and circular economy with emphasis on strategic and multi-stakeholder management; management of circular cycles a new business development. |
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Outlines the effective and sustainable use of natural (nonrenewable and renewable) resources, and the economic basis of different policy instruments applied for this purpose. |
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Presents the basics of harvesting sustainable energy sources as a key factor in solving environmental problems, the technical principles of renewable energy production, conversion, costs and environmental impacts. |
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Explains the basic principles for systematic and quantitative evaluation of sustainability. |
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Offers information on production and risk management and how to adapt the general practices to different businesses, including attitudes towards risk and moral hazards. |
The successful transition to bio-economy requires the development of sustainable utilization of renewable resources for the production of chemicals, fuels and materials. The circular economy approach to improve resource-use efficiency unifies cleaner production and industrial ecology in an integrated system encompassing key economy players to support resource optimization.
BIOBASED AND CIRCULAR ECONOMY - Learning Outcomes pool