On the circular bioeconomy and decoupling

This paper explores the existing confusion around the conceptual definitions and interpretations of the term circular bioeconomy. The co-existence of diametrically opposite interpretations of the concept indicates lack of a serious discussion of its theoretical foundations. Two narratives on circula...

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Detalles Bibliográficos
Autor: Giampietro, Mario|||0000-0002-5569-7023
Tipo de recurso: artículo
Fecha de publicación:2019
País:España
Institución:Universitat Autònoma de Barcelona
Repositorio:Dipòsit Digital de Documents de la UAB
Idioma:inglés
OAI Identifier:oai:ddd.uab.cat:204264
Acceso en línea:https://ddd.uab.cat/record/204264
https://dx.doi.org/urn:doi:10.1016/j.ecolecon.2019.05.001
Access Level:acceso abierto
Palabra clave:Circular economy
Bioeconomy
Sustainable growth
Decoupling
Social-ecological ystem
Metabolic pattern
Linearization
Fund-flow model
Descripción
Sumario:This paper explores the existing confusion around the conceptual definitions and interpretations of the term circular bioeconomy. The co-existence of diametrically opposite interpretations of the concept indicates lack of a serious discussion of its theoretical foundations. Two narratives on circular bioeconomy are explored in depth: (i) the new economic paradigm based on technological progress (the economics of technological promises) that seeks perpetual economic growth; (ii) an entropic (thermodynamic) narrative that reflects on the limits on economic growth imposed by nature. The latter narrative makes a distinction between primary, secondary and tertiary resource flows and helps to identify what can and cannot be re-circulated within the metabolic pattern of social-ecological systems. Adopting the biophysical view, it becomes clear that the industrial revolution represented a linearization of material and energy flows with the goal to overcome the low pace and density of biological transformations. The required level of productivity of production factors in contemporary developed economies (flows per hour of labor and per hectare of land use) is orders of magnitude larger than the pace and density of supply and sink capacity of natural processes. Relying on nature to 'close the loop' will simply slow down the economic process.