A readiness level framework for sustainable circular bioeconomy
Open accessAbstract
Bioeconomy is proposed as a means of transitioning from the ‘take-make-use-waste’ paradigm of the fossil resource economy to a sustainable future. The integration of bioeconomy with circular economy principles is needed to decouple environmental impact from consumption. A business operating within a sustainable circular bioeconomy must function within environmental and social limits, and be economically viable, so entrepreneurs need a means of managing innovation in this context. A stage-gate approach is proposed that combines technology, innovation, and social readiness level frameworks with life cycle thinking to create an evidence-driven understanding of a new business innovation. At each stage-gate, questions are answered, using data obtainable by any business. Integrating stage-gated readiness level thinking with conventional innovation supports to guide entrepreneurs towards successful innovations for sustainable circular bioeconomy.
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Costs for storing CO2 in saline formations and in abandoned or depleted oil/gas sites would be around 0.49-7.81 € per ton CO2, with monitoring costs of 0.098 to 0.49 € per ton CO2.
“For example, the costs for storing CO 2 in saline formations and in abandoned or depleted oil/gas sites would be around 0.49-7.81€ per ton CO 2 with monitoring costs of 0.098 to 0.49 € per ton CO 2 .”
From Mechanisms of Mg carbonates precipitation and implications for CO <sub>2</sub> capture and utilization/storage (2023) · cites this paper as [161]
Ocean storage is one of the most economically viable options for CO2 sequestration, costing around 4.88 to 29.28 € per ton.
“The ocean storage is also one of the most economically viable options for CO 2 sequestration costing around 4.88 to 29.28 € per ton.161”
From Mechanisms of Mg carbonates precipitation and implications for CO <sub>2</sub> capture and utilization/storage (2023) · cites this paper as [161]
Cites
On the circular bioeconomy and decoupling: implications for sustainable growth
Giampietro, M. (2019) · Ecological Economics · doi:10.1016/j.ecolecon.2019.05.001 · Cited by 376 · see citing works
Circular Bioeconomy Concepts—A Perspective
Tan, E. C. D., & Lamers, P. (2021) · Frontiers in Sustainability · doi:10.3389/frsus.2021.701509 · Cited by 317 · see citing works
A path transition towards a bioeconomy–the crucial role of sustainability
Gawel, E., Pannicke, N., & Hagemann, N. (2019) · Sustainability · doi:10.3390/su11113005 · Cited by 176 · see citing works
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Santos, H. S., Nguyen, H., Venâncio, F., Ramteke, D., Zevenhoven, R., & Kinnunen, P. (2023) · Inorganic Chemistry Frontiers · doi:10.1039/d2qi02482a · Cited by 108 · see citing works
- Authors
- Holden, N. M.
- Affiliations
- University College Dublin (IE)
- Corresponding author
- Holden, Nicholas M.
- ORCID
- Holden, Nicholas M.
- Venue
- EFB Bioeconomy Journal
- Publisher
- Elsevier BV
- Published
- 2022-11
- Volume
- 2
- Pages
- 100031
- ISSN
- 2667-0410 (ISSN-L)
- OpenAlex
- W4285403867
- Cited by
- 39
- References
- 3
- Citations by year
- 2026: 12 · 2025: 13 · 2024: 5 · 2023: 8 · 2022: 1
- FWCI
- 9.44
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- Locations
- EFB Bioeconomy Journal (publishedVersion, cc-by)
- DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
- Funders
- Science Foundation Ireland (16/RC/3889)
- European Regional Development Fund (16/RC/3889)
- Topics
- Life Sciences › Agricultural and Biological Sciences › General Agricultural and Biological Sciences › Bioeconomy and Sustainability Development
- Social Sciences › Business, Management and Accounting › Strategy and Management › Sustainable Supply Chain Management
- Physical Sciences › Engineering › Safety, Risk, Reliability and Quality › Technology Assessment and Management
- Keywords
- circular bioeconomy, business innovation, life cycle thinking, sustainable business, innovation support, entrepreneurship
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