Strategic Challenges for Sustainable Governance of the Bioeconomy: Preventing Conflict between SDGs

Yuliia Maksymiv, Valentyna Yakubiv, Nadia Pylypiv, Iryna Hryhoruk, Iryna Piatnychuk and Nazariy Popadynets
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Yuliia Maksymiv: Department of Accounting and Taxation, Vasyl Stefanyk Precarpathian National University, 76018 Ivano-Frankivsk, Ukraine
Valentyna Yakubiv: Department of Management and Business Administration, Vasyl Stefanyk Precarpathian National University, 76018 Ivano-Frankivsk, Ukraine
Nadia Pylypiv: Department of Theoretical and Applied Economics, Vasyl Stefanyk Precarpathian National University, 76018 Ivano-Frankivsk, Ukraine
Iryna Hryhoruk: Department of Management and Business Administration, Vasyl Stefanyk Precarpathian National University, 76018 Ivano-Frankivsk, Ukraine
Iryna Piatnychuk: Department of Management and Business Administration, Vasyl Stefanyk Precarpathian National University, 76018 Ivano-Frankivsk, Ukraine
Nazariy Popadynets: Institute of Enterprise and Advanced Technologies Lviv Polytechnic National University, 79057 Lviv, Ukraine

Sustainability, 2021, vol. 13, issue 15, 1-12

Abstract: The paper analyzes approaches to understanding the concept of the bioeconomy in highly cited journals, and bioeconomy strategies in associations of countries (the OECD and EU) and at the national level. Strategic challenges for sustainable bioeconomy governance are identified and an understanding of this concept is presented. The main aims, such as decoupling, the use of biotechnology, the use of sustainable biomass in the production process, and a high level of corporate social responsibility, are proposed for the identification of industries related to the bioeconomy. Specific goal achievement within the bioeconomy strategy and possible risks of conflict between SDGs are presented in the model. The bioeconomy should be considered a tool for achieving SDGs; the most relevant being 2, 3, 7, 9, 12, and 13–15. However, the achievement of bioeconomy goals can lead to a conflict between SDGs in practice. Therefore, this aspect must be taken into account at the stage of developing bioeconomy strategy and regulated in governance, to prevent conflicts between SDGs and to involve citizens and stakeholders in participating consciously in this process.

Keywords: bioeconomy; sustainable development; sustainable development goals (SDGs); stakeholders; risks; bioenergy; strategy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:15:p:8308-:d:601304

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