an unsustainable use of both biological and non-biological resources.
Bioeconomy is an emerging term for the sustainable production and conversion of biomass, which could be any biological material to be used as raw material for a range of food, health, fibre and industrial products and energy. Biomass is the underpinning resource that drives the bioeconomy.
The bioeconomy (the sustainable production and conversion of biomass) is increasingly important in dealing with challenges, such as food and energy supply, facing the world today.
The bioeconomy is of increasing importance as the world battles issues such as meeting the growing demand for food and finding replacement sources of fuel and industrial products.
Australia has the expertise to lead developments in areas such as sustainable biomass systems, high value agriculture production and improving food security.