1、 The Bioeconomy:A Primer Updated September 19,2022 Congressional Research Service https:/crsreports.congress.gov R46881 Congressional Research Service SUMMARY The Bioeconomy:A Primer The term bioeconomy refers to the share of the economy based on products,services,and processes derived from biologic

2、al resources(e.g.,plants and microorganisms).The bioeconomy is crosscutting,encompassing multiple sectors,in whole or in part(e.g.,agriculture,textiles,chemicals,and energy).Many predict that the bioeconomy will be a key component of the future economy.Specifically,many view the development of and t

3、ransition to predominantly a bioeconomy as a means to address grand challenges such as climate change,food security,energy independence,and environmental sustainability.Advancing the bioeconomy is also viewed as an opportunity to create new jobs and industries,improve human health through the develo

4、pment of new drugs and diagnostics,and boost rural development.Some experts estimate the direct economic impact of bio-based products,services,and processes at up to$4 trillion per year globally over the next 10 years.U.S.competitiveness and leadership in the future global bioeconomy is uncertain.In

5、 2012,the Office of Science and Technology Policy(OSTP)released a comprehensive vision for the U.S.bioeconomy.Progress on the goals and objectives outlined in the report remains unclear.Since 2016,the U.S.Department of Agriculture and the Department of Energy have led federal efforts on development

6、of the U.S.bioeconomy.However,according to the International Advisory Council on Global Bioeconomy,such agencies have a“more agricultural and bioresources-based vision”than the crosscutting and comprehensive vision proposed by OSTP in 2012(e.g.,biomedicine,health,and biodefense are not emphasized).O