circular bioeconomy
SUR-kyuh-lur by-oh-ee-KON-uh-mee
ˈsɜːrkjʊlər ˌbaɪoʊɪˈkɒnəmiListen
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Dictionary meaning
an economic model that combines the principles of the circular economy — eliminating waste and keeping materials in use — with the bioeconomy's focus on biological resources and processes; in a circular bioeconomy, biological materials are cascaded through successive uses at the highest possible value before being returned to the biosphere through composting or anaerobic digestion; examples include using food waste to produce biogas, extracting valuable chemicals from agricultural residues before composting them, and designing bio-based packaging that fully decomposes after use; the European Union's Bioeconomy Strategy identifies the circular bioeconomy as central to its goals of climate neutrality, biodiversity protection, and rural development
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