The importance of applying the circular bioeconomy concept in forestry

The concept of circular bioeconomy has been recognized as an important strategic concept for the green transition. In this context, the forest-based sector plays a key role in ensuring sustainable and balanced environmental, economic, and social development using bio-based resources. Application of the circular bioeconomy concept requires innovation in forestry. The end result will be healthier ecosystems that consume and waste fewer resources. However, integrating the concept of circular bioeconomy into forestry is a challenge due to the numerous conflicts and interests in space. In the coming period, innovative methods in the use of forestry biomass should be more actively promoted in Serbia, including circular business models, by increasing the efficiency of scientific, technical and financial support for innovations in this area. The key solution is in the knowledge transfer.