Institutions and Sustainable Transformation of Bioeconomy Value Chains

Transitions in the bioeconomy value chains are motivated by objectives such as sustainability and circular economies, by shocks such as pandemics and extreme weather and by technological and social innovations. Research, market creation-promotion, efficient policies, regulatory harmonization, adequate asses to financial capital and international institutions are essential for ensuring bioeconomy value chain transitions efficient, equitable, resilient and effective in slowing changing climates. The 27th Annual Conference of ICABR will explore the state of sustainable transitions in the bioeconomy as a driver of new dynamics in institutional development.

Institutions play fundamental roles at all levels of supply and value chains of the bioeconomy. Local institutions are capable of affecting land use and changes in inputs and the structure of markets. National institutions are also able to affect value chains, land use and inputs, but also provide innovations and incentivize sustainable changes to the agricultural, logistic and industrial components of the bioeconomy.
International institutions craft and launch agreements designed to improve global economies and environments and also have economic and human resources to promote cooperation and collaboration between countries and regions. Institutions are formalized mechanisms or bundles of rules, such as parliaments or international trade agreements. However, many institutions are also informally organized and at least as important in terms of exerting influence on value chains, as formal institutions. As the global bioeconomy adapts and transforms towards increased sustainability, institutions are increasing their contribution and role.

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