Nova Scotia’s bioeconomy beckons as climate change looms

By Rod Badcock, executive director, Nova Scotia Innovation Hub
The Saltwire Network
August 18, 2022
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada East

Rod Badcock

A 2020 report, “The Bio Revolution: Innovations transforming economies, societies, and our lives,” published by the McKinsey Global Institute, estimated that in the next 20 years, the global economic impact of the so-called bio-revolution could amount to $4 trillion a year. …The booming global economy of renewable agricultural, marine and forestry products is one that Nova Scotia is well-positioned to lead. …a recent survey found that over 90 per cent of Nova Scotians respondents who were aware of the bioeconomy also supported its development, citing the sector’s positive economic and environmental impacts as essential. …a study from the Nova Scotia Innovation Hub found that the province’s forest sector is projected to sequester or avoid upwards of 200 million metric tons of carbon over the next 100 years. …There are many opportunities for women, new Canadians, and others who haven’t previously considered careers in the bioeconomy. Those looking to start their careers or retrain in Nova Scotia’s bioeconomy can expect a warm welcome. 

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