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Bio-plastic - between current practices and the challenges of a sustainable future

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  • Ioana Gabriela Cosma

    (Advanced Studies, Romanian Academy, Calea Victoriei, Bucharest, Romania)

Abstract

In a globalized economy built on intensive consumption of natural resources and environmentally damaging actions, it is imperative to identify solutions that help to reduce pollution. In line with efforts to maximize the value of natural resources and minimize toxic materials in the environment, many countries have developed bio-economic strategies that contribute to the conversion of bio-basic raw materials to develop organic products (bio-plastic , bio-pharmaceuticals, green chemicals etc.). In Europe, there are already countries that have established bio-economic policies (Denmark, Finland, Germany, France, Scotland and the Netherlands), and an European strategy is already being discussed at EU level. Countries that are already implementing bio-economic principles are positioned as research and innovation centers for bio-products, green energy, bio-economic processes and services. In this context, bio-plastics play an important role due to their potential to contribute to improving the quality of the environment and, implicitly, the well-being of the planet’s inhabitants. Given the issues raised, the article aims to make a brief analysis of the importance and evolution of the field of bio-plastics at a globall and European level, trying to bring forth the best examples of good practice from countries that are already implementing such policies and whose economies are becoming more and more bio (green economies). In addition to being environmentally friendly, the bio-plastics sector also has an important potential to generate job growth, costs savings and natural resources etc.

Suggested Citation

  • Ioana Gabriela Cosma, 2018. "Bio-plastic - between current practices and the challenges of a sustainable future," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 27(1), pages 51-63, December.
    • Handle: RePEc:but:manage:v:27:y:2018:i:1:p:51-63
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    References listed on IDEAS

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    1. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Frank Convery & Simon McDonnell & Susana Ferreira, 2007. "The most popular tax in Europe? Lessons from the Irish plastic bags levy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 38(1), pages 1-11, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Nikola Sagapová, 2022. "From environmental thinking in economics to bioplastics: promising material for a sustainable (bio)economy," Economics Working Papers 2022-01, University of South Bohemia in Ceske Budejovice, Faculty of Economics.

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    More about this item

    Keywords

    bio-economy; bio-plastics; sustainable development; JEL Code : O1; O13; O33; O44;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth

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