The critical role of energy in contemporary life and the environmental challenges associated with its production imply the need for research and exploration of its novel resources. The present review paper emphasizes the continuous exploitation of non-renewable energy sources, suggesting the transition toward renewable energy sources, termed ‘green energy’, as a crucial step for sustainable development. The research methodology involves a comprehensive review of articles, statistical data analysis, and examination of databases. The main focus is biomass, a valuable resource for bioenergy and biopesticide production, highlighting not only its traditional diverse sources, such as agricultural waste and industrial residues, but also non-edible invasive alien plant species. This study explores the utilization of invasive alien species in circular economy practices, considering their role in bioenergy and biopesticide production. The potential conflict between bioproduct acquisition and food sector competition is discussed, along with the need for a shift in approaching non-edible biomass sources. The paper emphasizes the untapped potential of under-explored biomass resources and the necessity for policy alignment and public awareness. Species with a significant potential for these sustainable strategies include Acer negundo L., Ailanthus altisima (Mill.) Swingle., Amorpha fruticosa L., Elaengus angustifolia L., Falopia japonica (Houtt.) Ronse Decr., Hibiscus syriacus L., Koelreuteria paniculata Laxm., Paulownia tomentosa Siebold and Zucc., Partenocissus quenquefolia (L.) Planch., Rhus typhina L., Robinia pseudoacacia L. and Thuja orientalis L. In conclusion, the paper highlights the intertwined relationship between energy, environmental sustainability, and circular economy principles, providing insights into Serbia’s efforts and potential in adopting nature-based solutions for bioenergy and biopesticides acquisition.