EU updates its Bioeconomy Strategy as stakeholders urge action : Biofuels Digest

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In Belgium, the EU has updated its Bioeconomy Strategy. The updated plan signals the EU’s continued commitment towards establishing itself as a world leader in renewable resource efficiency, catalysed by transformative industrial biotechnology. Europe’s leadership in this field has already significantly boosted activity, investment, technological breakthrough and interest in developing dynamic bioeconomies throughout the Member States and regions.

Since the publication of the first EU strategy in 2012, the increase in EU R&I funds has also resulted in real progress towards the development of a bio-based economy, with the €3.7 billion Bio-based Industries Joint Undertaking (BBI JU) attracting investments, spurring innovation and creating new value chains.

”Although progress has been made, further action and a stimulating policy framework is needed to leverage private investments. A continuation of a public-private partnership for the bioeconomy under Horizon Europe will be an additional driver, allowing implementation of the updated Bioeconomy Strategy in a sustainable way by mobilising public and private stakeholders, de-risking investments from innovative bioeconomy projects and facilitating deployment of new sustainable biorefineries”, says Dirk Carrez, BIC Executive Director.

Commenting on the strategy launch, Agnes Borg, Director for Industrial Biotechnology at EuropaBio said: “We now call on the EU to shore up the updated strategy with a comprehensive high-level commitment towards building upon the success of the BBI JU. This will create jobs and growth and will help establish the EU as hub for renewable, resource efficient clean-tech on the road to 2030”.

Since the publication of the first EU strategy in 2012, the increase in EU R&I funds has also resulted in real progress towards the development of a bio-based economy, with the €3.7 billion Bio-based Industries Joint Undertaking (BBI JU) attracting investments, spurring innovation and creating new value chains.

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Category: Policy



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