A NEW BIOECONOMY STRATEGY FOR A SUSTAINABLE EUROPE
The European Commission, on October 11/2018, published an update to the EU’s bioeconomy strategy and has put forward an action plan to develop a sustainable and circular bioeconomy that serves Europe’s society, environment and economy.
The European bioeconomy is one of the EU’s largest and most important sectors encompassing agriculture, forestry, fisheries, food, bio-energy and bio-based products with an annual turnover of around 2 trillion euro and employing around 18 million people.
Sustainable & Circular: Bioeconomy the European way.
The bioeconomy covers all sectors and systems that rely on biological resources (animals, plants, micro-organisms and derived biomass, including organic waste), their functions and principles. It includes and interlinks: land and marine ecosystems and the services they provide; all primary production sectors that use and produce biological resources (agriculture, forestry,
fisheries and aquaculture); and all economic and industrial sectors that use biological resources and processes to produce food, feed, bio-based products, energy and services.
To be successful, the European bioeconomy needs to have sustainability and circularity at its heart. This will drive the renewal of our industries, the modernisation of our primary production systems, the protection of the environment and will enhance biodiversity.