Carbon Management: Bioeconomy and Beyond
The bioeconomy brings opportunities for economic growth while tackling climate change.
Fossil carbon resources can be replaced by bio-based carbon resources, especially
biomass. To allow these solutions to be scaled up without threats to biodiversity
and the environment, it is necessary to develop the bioeconomy as a circular economy.
With this carbon management approach, other sources of carbon complement biomass:
industrial waste, including gases such as CO and CO2, as well as physically and chemically
recycled carbon. In the future, direct air capture (DAC) may become competitive and
form part of the solution. These approaches can be considered ‘circular’ because they
close material loops and keep carbon recycling in the economy rather than emitting
carbon to the atmosphere. This report reviews a number of hybrid technologies that
can be deployed to ‘defossilise’ economic sectors and sets out policy options to bring
these technologies to commercial scale.
Published on November 30, 2023