The Bioeconomy Strategy aims to boost innovation and support European companies in making a success of the green transition. Circular and sustainable production, and consumption of biological resources for materials and services, can increase efficiency and reduce pressure on resources.
The strategy will help make EU businesses more competitive and increase green jobs – without damaging nature. It will be aimed at European farmers, foresters, industry and businesses, particularly SMEs and startups in rural and coastal areas.
The main goals of the strategy are:
Ensuring the long-term competitiveness of the EU bioeconomy and investment security. Identifying measures to scale up and commercialise existing and emerging biotech solutions and bio-based products.Increasing resource-efficient and circular use of biological resources. Transforming the use and valuation of biomass resources, prioritizing extended high-value applications while encouraging industries and consumers to embrace circular practices. Securing the competitive and sustainable supply of biomass, both domestically and from outside EU. Strengthening the role of primary producers, generating wealth in rural areas by creating jobs and diversifying incomes for foresters and farmers and rewarding them for the preservation of ecosystems. Positioning the EU in the rapidly expanding international market for bio-based materials, biomanufacturing, biochemicals, and agri-food and biotech sectors. This will be done, in particular, by steering existing foreign policy mechanisms.