A decision support procedure for the bioeconomy transition: A Colombian case study

Grilli, Gaetano ORCID: https://orcid.org/0000-0003-1376-167X, Cantillo, Tatiana, Turner, Kerry, Erazo, Jaime, Murcia López, Mario Andrés, Valle Parra, Juan Sebastian, Cardona, Felipe Garcia and Ferrini, Silvia (2024) A decision support procedure for the bioeconomy transition: A Colombian case study. Journal of Environmental Management, 352. ISSN 0301-4797

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Abstract

An increasing number of countries and regions consider the bioeconomy transition a strategic policy priority. When approached through the lens of a circular economy perspective, investments in bioeconomy have the potential to enhance resource utilisation efficiency, preserve biodiversity and ecosystems, and foster sustainable development with low emissions. At the same time, if requirements and contextual factors of bioeconomy strategies are not formally analysed, bioeconomic investments might lead to unintended negative consequences. This paper proposes a decision support procedure to design, assess, prioritise, and monitor bioeconomy investments and policies. The flexibility and scalability of our decision support procedure is tested in Colombia to foster a regional and local transition to bioeconomy initiatives that consider the local capital assets and the stakeholders' views. The heterogeneous character of the Colombian environment, economy, society and culture represents an ideal condition to test the strength of the decision support procedure to promote bioeconomy in low and middle-income countries. Our empirical results highlight the benefit of adopting a formal assessment framework that includes strategic national indicators, regional features and stakeholders’ views. In terms of the Colombian regional bioeconomy ambitions, we highlight the need for expanding knowledge hubs and participatory stakeholder networks and buttressing appropriate financial mechanisms.

Item Type:	Article
Uncontrolled Keywords:	sdg 8 - decent work and economic growth,sdg 12 - responsible consumption and production ,/dk/atira/pure/sustainabledevelopmentgoals/decent_work_and_economic_growth
Faculty \ School:	Faculty of Social Sciences > Norwich Business School Faculty of Science > School of Environmental Sciences
UEA Research Groups:	Faculty of Science > Research Centres > Centre for Social and Economic Research on the Global Environment (CSERGE) Faculty of Science > Research Groups > Collaborative Centre for Sustainable Use of the Seas Faculty of Science > Research Groups > Environmental Social Sciences Faculty of Social Sciences > Research Groups > Finance Group
Depositing User:	LivePure Connector
Date Deposited:	10 Jan 2024 01:39
Last Modified:	27 Nov 2024 10:41
URI:	https://ueaeprints.uea.ac.uk/id/eprint/94139
DOI:	10.1016/j.jenvman.2024.120042

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