Improving Livelihoods through a Sustainable Bioeconomy
Improving Livelihoods through a Sustainable Bioeconomy is a project led by RSB, and powered by the Boeing Company, that aims to link the development of the bio-based and circular economy with livelihoods, in so doing connecting economic and social development.
The project builds on the activities achieved in previous collaboration with The Boeing Company, the Fuelling the Sustainable Bioeconomy project, which provided guidance on the sustainability of alternative fuels, bringing together relevant stakeholders and integrating the bioeconomy as a critical part of the just energy transition.
- Impact & Incentive Programme
- While we need to dramatically reduce carbon emissions and improve carbon sequestration if we want to tackle climate change, sustainability is much more than that. It is also about improving soils, ensuring water security, protecting biodiversity, and creating more income and jobs.
- At the same time, biocircular products are more expensive than fossil ones and end-users are looking for opportunities to directly support sustainability impact within their value chain network.
- The Impact & Incentive programme aims to develop a methodology to quantify sustainability impacts (via impact indicators), and a mechanism for buyers and end-users to purchase in-sector claims that they can use against their sustainability targets, thus creating a direct incentive mechanism for producers to invest in sustainable production.
- This approach can help bridge the price premium gap between fossil and sustainable, biocircular products by extracting more value (in terms of sustainability impact claims) from the premium paid for such products.
- RSB Academy
- A key challenge in emerging economies is that industry moves faster than education, and there is often a skill gap. This leads to the risk of the biocircular sector disconnecting with those people who should benefit from it in terms of access to markets and jobs.
- We are working on an education programme that aims to capacitate the current and future workforce with practical skills needed to build the sustainable biocircular economy.
- This is done in collaboration with industry and universities.