13.1 Definition of Bioeconomy by Nepal 

13.1 Definition of Bioeconomy by Nepal 

Nepal’s Ministry of Environment, Science, and Technology (MOEST): The bioeconomy, as defined by MOEST, refers to an economic system that focuses on the sustainable utilization of biological resources to create value-added products and services. It encompasses various sectors, including agriculture, biotechnology, and renewable energy, with an emphasis on environmental conservation and socio-economic development.Nepal’s National Planning Commission (NPC): According to the NPC, Nepal’s bioeconomy is a comprehensive approach that seeks to harness the potential of its rich biodiversity and natural resources to drive economic growth. It involves the integration of sectors like agriculture, forestry, and biotechnology to foster innovation, create employment opportunities, and address environmental challenges.