Bio economy's institutional and policy framework for the sustainable development of nature's ecosystems

Headnote

Abstract

This paper has the purpose to offer an institutional and policy framework for the analysis of bio economy implications of sustainable development of nature's ecosystems. It begins reviewing the elements of bio economics to focus on the research trends methods to support the basic bio-economy method and methodology. Bio-economy is characterized by the creation and efficient use of natural and biological resources, raw materials and capabilities in sustainable infrastructures aimed for the bio production of goods, bio services, bio energy, bio health, etc. to achieve sustainable lifestyles, wealth and economic growth. Finally, this paper supports the argument that bio-economy indicates the limit of the socioeconomic activity for which a biological system could be used without destroying the necessary conditions for its regeneration and therefore its sustainability.

Resumen

Este documento tiene tiene como objetivo ofrecer un marco institucional y de políticas para el análisis de las implicaciones de la bioeconomía en el desarrollo sostenible de los ecosistemas de la naturaleza. Comienza revisando los elementos de la bioeconomía para centrarse en los métodos de las tendencias de investigación para respaldar el método y la metodología de la bioeconomía básica. La bioeconomía se caracteriza por la creación y el uso eficiente de los recursos naturales y biológicos, las materias primas y las capacidades en infraestructuras sostenibles destinadas a la producción biológica de bienes, servicios biológicos, bioenergía, bio salud, etc. para lograr estilos de vida sostenibles, riqueza y crecimiento económico. Finalmente, este trabajo apoya el argumento de que la bioeconomía indica el límite de la actividad socioeconómica para la cual un sistema biológico podría ser utilizado sin destruir las condiciones necesarias para su regeneración y, por lo tanto, su sostenibilidad.

Keywords: Bioeconomy, institutional framework, policy framework, sustainable development, natural ecosystems.

JEL: 013, 013, 044, Q02, Q03

1.Introduction

According to Foucault (2003), human species has been conceived of as a bio-economic problem since the beginning of capitalism despite the considerations on its biological, economic and social conditions. The sustainability of bio-economy remains as uncertainty and bio-economy challenge to deal with the environment issues (Batie, 2008; McCann, 2013).

It has been considered a myth that bio-economy promotes solutions of sustainable problems by substituting fossil resources by biomass raw material (Pfau, Hagens, Dankbaar, Smits, 2014). Sustainable growth from sustainable bio-economy...