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Published on | 1 month ago
Programmes Agro-Food, EnvironmentThe new Bioeconomy Strategy outlines a path for building a clean and competitive economy by tapping into renewable resources from land and sea. This strategy not only aims to create jobs but also intends to position Europe as a leader in the transition to clean industries. The bioeconomy currently accounts for a value of up to €2.7 trillion in 2023 and supports approximately 17.1 million jobs in the EU.
The strategy outlines the need to scale up innovation and develop lead markets for bio-based materials by encouraging investments in sectors including agriculture, biomanufacturing, and biotechnology. The European Commission will work to create a coherent and simplified regulatory framework that rewards circular and sustainable business models, while safeguarding EU safety standards. Faster, clearer and simpler approvals for innovative solutions will support companies to develop and grow in Europe, especially for SMEs.
Interested parties are encouraged to explore the implications of the Bioeconomy Strategy. More information can be found here.
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