10.1 Definition of Bioeconomy by Israel

Ministry of Environmental Protection. According to this definition, the bioeconomy encompasses all economic activities that use biological resources and processes to produce goods, services, and energy in a sustainable manner, with minimal environmental impact. It emphasizes the importance of harnessing biological resources for economic development while ensuring environmental sustainability. Israeli Ministry of Economy and Industry. This definition highlights the bioeconomy as a knowledge-based economy that leverages biotechnology, agricultural innovation, and renewable resources to drive economic growth, create jobs, and promote environmental sustainability. It focuses on the role of biotechnology and innovation in shaping the bioeconomy.