Bio-economy

Bio economy can be seen as a knowledge-based production and use of natural and biological resources, together with biological processes. Bio economy is one supported the utilization of research and innovation within the biological sciences to make economic activity and public benefit. The term Bio economy was first explored as a means of substituting resources. In particular, was seen as the way through which oil, could be replaced by alternatives such as biomass. That allow providing economy in an environmentally-friendly way. Bio economy has climate change mitigation potential