Exploration of molecular, genetic and species level diversity for novel products of economic importance is known as:

Exploration of molecular, genetic and species level diversity for novel products of economic importance is known as bioprospecting. 

Biopiracy refers to the use of bio-resources without proper authorisation without compensatory payment. 

Bioenergetics is the branch of biochemistry that focuses on how cells transform energy, often by producing, storing or consuming ATP. 

Bioremediation employs the use of living organisms (e.g., microbes) in the removal of contaminants, pollutants, and toxins from soil, water, and other environments.