The importance of applying the circular bioeconomy concept in forestry

Abstract

Over the past few years, EU countries have been intensively adopting strategic documents and policies that guide and promote processes towards a circular bioeconomy. One of them is the European Green Deal, which was presented in December 2019. It is a package of policy initiatives, which aims to transform the EU into a fair and prosperous society with a modern, competitive economy based on efficient resource consumption and the protection of the environment and human health. The ultimate goal is to reach climate neutrality by 2050. The concept of circular bioeconomy has been recognized as an important strategic concept for the green transition. In this context, the forest-based sector plays a key role in ensuring sustainable and balanced environmental, economic, and social development using bio-based resources. Application of the circular bioeconomy concept requires innovation in forestry. The end result will be healthier ecosystems that consume and waste fewer resources. However, integrating the concept of circular bioeconomy into forestry is a challenge due to the numerous conflicts and interests in space. In the coming period, innovative methods in the use of forestry biomass should be more actively promoted in Serbia, including circular business models, by increasing the efficiency of scientific, technical and financial support for innovations in this area. The key solution is in the knowledge transfer.