In the last 50 years, the biosphere, upon which humanity depends, has been altered to an unparalleled degree. The current economic model relying on fossil resources and addicted to “growth at all costs” is putting at risk not only life on our planet, but also the world’s economy. The need to react to the unprecedented COVID-19 crisis is a unique opportunity to transition towards a sustainable wellbeing economy centered around people and nature. After all, deforestation, biodiversity loss and landscape fragmentation have been identified as key processes enabling direct transmission of zoonotic infectious diseases. Likewise, a changing climate has profound implications for human health. Putting forward a new economic model requires transformative policies, purposeful innovation, access to finance, risk-taking capacity as well as new and sustainable business models and markets. But above all we need to address the past failure of our economy to value nature, because our health and wellbeing fundamentally depends on it. A circular bioeconomy offers a conceptual framework for using renewable natural capital to holistically transform and manage our land, food, health and industrial systems with the goal of achieving sustainable wellbeing in harmony with nature. Within the framework of the Sustainable Markets Initiative, under the leadership of His Royal Highness The Prince of Wales, a 10-Point Action Plan to create a circular bioeconomy is proposed below. The Action Plan is a response to The Prince of Wales’ call to invest in nature as the true engine for our economy. The Action Plan, guided by new scientific insights and breakthrough technologies, is articulated around six transformative action points further discussed below and four enabling action points, which mutually reinforce each other.

Globalization is characterized not only by economic growth and prosperity but also by increasing pressure on natural resources, unsustainable patterns of consumption and production and increasing inequality. To study these global challenges and their impact on development processes authors identified modern trends in the field of bioeconomy and biotechnology developments, analyzed the main government programs, strategies, funds and statistical information from open sources. The basic principles of bioeconomy methods in agro, food and food security in European countries and in Russian Federation were determined and Genetic engineered organisms statistic, policy and public attitudes from open sources in Russia and European countries were compared

The article reflects undertaken worldwide steps to build the bioeconomy. Bioeconomy is a set of industries, from the point of view of economy, and a plurality of cross-industry research, in terms of global science. All this leads to difficulty in understanding the boundaries of bioeconomy, developing within the traditional economies. The article also presents the main instruments of support and development of biotechnology and bioeconomy in Russia, such as the National Technology Initiative (NTI), the Federal Targeted Programme for Research and Development in Priority Areas of Advancement of the Russian Scientific and Technological Complex for 2014-2020 (action 2.2). The influence of the international scientific and technological programs (Horizon 2020, ERA-NET) on the regional economy was also estimated.

We model the evolution of a trans-boundary marine fishery, which is based on the harvesting of a single “highly-migratory” stock and is beginning to be impacted by regional oceanic-climate changes. The fish-stock’s range will be composed of a number of jurisdictional zones: namely, its intersection with the EEZ of each coastal country for which that intersection is non-trivial. There may also be a zone within international waters of the high seas. We also assume that management of the fishery is vested in a Regional Fishery Management Organization, whose members are countries that are “direct stakeholders” in the fishery—being either one of the above countries with jurisdictional authority in a zone or a country that has registered fishing vessels that are licensed to harvest in the fishery, or both.