bioeconomic policy

Bioeconomic policy integrates biological and economic considerations to use natural resources sustainably while promoting economic growth. It aims to balance the extraction and utilization of resources—like fisheries, forests, and wildlife—with conservation efforts to protect ecosystems for the long term. This approach involves regulations, incentives, and innovations that ensure natural resources are preserved, productive, and beneficial for both current and future generations. Essentially, bioeconomic policy seeks to optimize the economic benefits derived from biological resources without depleting or damaging them, maintaining environmental health alongside economic stability.