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Biobased Chemicals and Bioplastics: Finding the Right Policy Balance

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Abstract

As OECD countries emerge from the global financial crisis, several countries have published their plans for the development of a future bioeconomy, an economy in which bio-based materials and production techniques will contribute significantly to economic and environmental sustainability. Such plans typically involve building a bio-based production industry in which fuels, energy and materials such as chemicals and plastics, almost always generated from fossil resources such as oil and natural gas, are incrementally replaced by equivalent or novel products generated from renewable resources. The realisation of this vision will require sustainably harnessing the vast biomass resource. The highest policy priorities at present are on several levels: allowing bio-based materials to compete for biomass on price with bioelectricity and biofuels; rectifying the highly distorting fossil fuel subsidies, heading off future competition for crude oil demand; and correcting for any excessive regulatory impacts. If governments wish to realise a successful bioeconomy in the future, the case for support for bio-based chemicals and plastics warrants serious attention.

Suggested Citation

  • Oecd, 2014. "Biobased Chemicals and Bioplastics: Finding the Right Policy Balance," OECD Science, Technology and Industry Policy Papers 17, OECD Publishing.
  • Handle: RePEc:oec:stiaac:17-en
    DOI: 10.1787/5jxwwfjx0djf-en
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    Cited by:

    1. Mihaela Denisa Coman & Constantin Aurelian Ionescu & Mihaela Lixandru (Leasa), 2019. "Romanian Economy between Linearity and Circularity. A Bioeconomic Perspective," Book chapters-LUMEN Proceedings, in: Camelia Ignatescu (ed.), 11th LUMEN International Scientific Conference Communicative Action & Transdisciplinarity in the Ethical Society | CATES 2018 | 23-24 November 2018 | , edition 1, volume 7, chapter 5, pages 59-72, Editura Lumen.
    2. Baldoni, Edoardo & Philippidis, George & Spekreijse, Jurjen & Gurría, Patricia & Lammens, Tijs & Parisi, Claudia & Ronzon, Tévécia & Vis, Martijn & M'Barek, Robert, 2021. "Getting your hands dirty: A data digging exercise to unearth the EU's bio-based chemical sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 143(C).

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