DBPapers
DOI: 10.5593/SGEM2016/B41/S17.056

INNOVATIONS IN BIOECONOMY FOR DEVELOPMENT OF SUSTAINABLE USE OF NATURAL RESOURCES IN LATVIA

S.Zeverte-Rivza, D. Popluga, M.Pelse
Wednesday 7 September 2016 by Libadmin2016

References: 16th International Multidisciplinary Scientific GeoConference SGEM 2016, www.sgem.org, SGEM2016 Conference Proceedings, ISBN 978-619-7105-63-6 / ISSN 1314-2704, June 28 - July 6, 2016, Book4 Vol. 1, 435-442 pp

ABSTRACT
Over the past two decades, biotechnology has provided a motor for environmentally sustainable production and for the development of a diverse range of innovative products. The potential economic and environmental benefits of biotechnology have created a growing strategic interest in bioeconomy. Bioeconomy combines highly research and knowledge intensive economic activities in agriculture, forestry and the food sector with the innovative use of renewable raw materials for material and energy use. This paper aims to study the potential for the further development of bio-based sectors in Latvia and main challenges the development of innovations in bioeconomy faces in Latvia and Baltic Sea Region countries. In this study, the authors have analyzed current situation in Latvia regarding bioeconomy development and have identified innovations fostering sustainable use of natural resources. The research finds out that bioeconomy innovations in the traditional biobased sectors such as agriculture, horticulture, forestry, fisheries, renewable energies, food and feed, pulp and paper, goes in line with the principles of sustainable development and thus it effects development of sustainable use of natural resources.
This paper reviews the support systems for innovations in bioeconomy in EU and Latvia and studies the potential for the further development of bio-based sectors in Latvia.

Keywords: bioeconomy, innovations, natural resources.