November 23, 2015

Towards a bioeconomic future

An incredible amount of marine and land-based resources currently remain unexploited
because no-one is facilitating their development. Photo: ThinkStock

(November 23, 2015)  Can our forests, seaweed, grass and fisheries waste be transformed into new and valuable raw materials? Researchers are asking 1500 Norwegian companies what they’re currently doing with their resources, and what they see themselves doing in 2030.

According to the OECD, bioeconomics will represent the guiding principle of the European economy by 2055. This means that focus will be centred on the production and transformation of renewable biological resources from the agricultural, forestry and marine aquaculture sectors, and biomass will represent the major source of raw materials. If the experts are to be believed, we are in many ways on the brink of a new industrial revolution.

The Norwegian government is currently developing a national strategy in this field, and researchers will now be carrying out fundamental analytical work aimed at promoting a higher level of sustainable innovation in Norway. “As part of the Biosmart project we’ll be carrying out a futures analysis to identify stakeholders and others that will play a part in a bioeconomy, and to find out where the various resources will be found”, says Magnar Forbord at the Norwegian Centre for Rural Research (NCRR).

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