Bioresource Value Model: Case of Crop Production

Abstract

Abstract The future of sustainable development is the bioeconomy with both global and local renewable energy solutions. The updated Bioeconomy Strategy and the Green Deal serves as prove of European Commission commitment for transformation towards a sustainable and climate-neutral European Union. This process is characterized with an enormous complexity and should be studied thoroughly for designing transition pathways. Scientifically sound methods can support policymaking in dealing with uncertainty and complexity taking place within definition of transition pathways. This article reviews the existing bioeconomy development models, and presents a novel model, which focus on agriculture – one of the main directions of the national economy. The concept of model is tested within a case study of crop production sector in Latvia. The results of case study show economically viable scenario for added value target set for 2030. In the crop sector, the baseline scenario and three alternative scenarios were analysed. The highest added value and the most advantageous alternative scenario is for fibre powder produced from cereal bran (in the bioeconomy sector, food provides the highest added value).