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Tackling Uncertainty in the Bio-Based Economy

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  • Pasquale Marcello Falcone

    (Unitelma Sapienza - University of Rome, Rome, Italy & Department of Business and Economics, Parthenope University of Naples, Naples, Italy)

  • Enrica Imbert

    (Unitelma Sapienza - University of Rome, Rome, Italy)

Abstract

There is a clear overall consensus among international institutions and governments on the need to scale down the reliance of the global economy on fossil fuels. Yet, a sustainable transition from a long-established regime based on rooted production and consumption models, requires tackling a wide array of challenges. Indeed, the transition towards a bio-based economy is still characterized by a high degree of complexity and uncertainty. Managing complexity and accounting for uncertainty entails appropriate and multidisciplinary tools. In this regard, sustainability certifications, standards and labels can play a pivotal role in navigating this transition, creating the conditions to ensure a level playing field between bio-based and conventional products.

Suggested Citation

  • Pasquale Marcello Falcone & Enrica Imbert, 2019. "Tackling Uncertainty in the Bio-Based Economy," International Journal of Standardization Research (IJSR), IGI Global, vol. 17(1), pages 74-84, January.
  • Handle: RePEc:igg:jsr000:v:17:y:2019:i:1:p:74-84
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    References listed on IDEAS

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    1. James Gaffey & Helena McMahon & Emily Marsh & Kaisa Vehmas & Tiina Kymäläinen & John Vos, 2021. "Understanding Consumer Perspectives of Bio-Based Products—A Comparative Case Study from Ireland and The Netherlands," Sustainability, MDPI, vol. 13(11), pages 1-19, May.
    2. Idiano D’Adamo & Pasquale Marcello Falcone & Enrica Imbert & Piergiuseppe Morone, 2022. "Exploring regional transitions to the bioeconomy using a socio-economic indicator: the case of Italy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 39(3), pages 989-1021, October.
    3. Morone, Piergiuseppe & Caferra, Rocco & D'Adamo, Idiano & Falcone, Pasquale Marcello & Imbert, Enrica & Morone, Andrea, 2021. "Consumer willingness to pay for bio-based products: Do certifications matter?," International Journal of Production Economics, Elsevier, vol. 240(C).
    4. Berend Barkela & Kristen Werling & Signe Elisa Filler & Lea Marie Heidbreder, 2021. "Fasting Plastic—The Role of Media Reports in a ‘Window of Opportunity’ to Reduce Plastic Consumption," Sustainability, MDPI, vol. 13(21), pages 1-15, October.
    5. Gustavo Bustamante & Biagio Fernando Giannetti & Feni Agostinho & Gengyuan Liu & Cecília M. V. B. Almeida, 2022. "Prioritizing Cleaner Production Actions towards Circularity: Combining LCA and Emergy in the PET Production Chain," Sustainability, MDPI, vol. 14(11), pages 1-15, June.
    6. Umberto Lucia & Giulia Grisolia, 2021. "The Gouy-Stodola Theorem—From Irreversibility to Sustainability—The Thermodynamic Human Development Index," Sustainability, MDPI, vol. 13(7), pages 1-13, April.
    7. D'Adamo, Idiano & Falcone, Pasquale Marcello & Imbert, Enrica & Morone, Piergiuseppe, 2020. "A Socio-economic Indicator for EoL Strategies for Bio-based Products," Ecological Economics, Elsevier, vol. 178(C).

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