Biomass and Circular Economy: Now and the Future

Abstract

Biomass is inherently organic and renewable, promoting a circular economy ecosystem. As global consumption patterns change, circular economy strategies have turned into sustainable net-zero strategies for developing countries and developed countries, and its value chain is now included in important biomass energy policies. Many countries are actively transforming their economic growth patterns, developing their own circular economy, targeting ecological sustainable development, and adjusting domestic industrial structures. The concept of a circular society, synergistic with the social economy and developed on the basis of the circular economy, has production and consumption at its core. This research aims to verify the important roles that biomass plays in the circular economy and to initiate a virtuous resource circulation model, promote material recycling and reuse, form a “resources-products-renewable resources” model, and promote better resource use efficiency. It discusses the important roles that the bioeconomy plays when achieving a circular economy and also proposes new economic and policy concepts. The key conclusions cover: (1) the biomass energy–circular economy business model; (2) recognizing the co-benefit of consumers and a prosumer circular economy; and (3) challenges to a renewable cycle under economic applications.

Keywords

• biomass business model
• circular economy
• sustainable development
• policy perspective
• green energy economy