Tackling Uncertainty in the Bio-Based Economy

Author:

Falcone Pasquale Marcello1,Imbert Enrica2

Affiliation:

1. Unitelma Sapienza - University of Rome, Rome, Italy & Department of Business and Economics, Parthenope University of Naples, Naples, Italy

2. 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.

Publisher

IGI Global

Subject

Management of Technology and Innovation,Computer Science Applications

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