The bioeconomy includes biomass production, biomass conversion into food, materials and products, and bioenergy. The bioeconomy is essential for the EU to reach its climate and energy goals by 2030 and climate neutrality by 2050, while combating biodiversity loss and pollution.
The implementation of the 2012 bioeconomy strategy and its update in 2018 achieved significant progress in research and innovation. The new strategy aims at taking full advantage of the revolution in biotechnology. The bioeconomy has the potential to advance the EU’s environmental goals, developing a circular economy without damaging nature. This strategy for economic growth will be aligned with the Competitiveness Compass, the Clean Industrial Deal, and the Vision for Agriculture and Food.
