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1 results

  • 4 - Environmental Economics and the Bioeconomy

  • from Part II
  • Piergiuseppe Morone, Unitelma Sapienza, Dalia D'Amato, Finnish Environment Institute (Suomen Ympäristökeskus - SYKE), Nicolas Befort, NEOMA BS, Gülşah Yilan, Unitelma Sapienza University of Rome
  • Book:
    The Circular Bioeconomy
    Published online:
    26 October 2023
    Print publication:
    09 November 2023, pp 59-85

  • Summary

    Our objective in this chapter is to provide an overview of resource and environmental economics by putting environmental economic theories in the context of bioeconomy, and by outlining the fundamental characteristics of an economics approach to environmental analysis. The analysis develops along three lines: (1) market failures and the environment,; (2) sustainability and intergenerational equity,; (3) optimal management of resources. To this end, the chapter provides a discussion on the economy– environment interdependence, how this concept develops in the context of bioeconomy (including a discussion on the circular use of resources), and which tools can be used to model it.