Source: European Commission (JRC)

The 2018 EU Bioeconomy Strategy aims to develop a circular, sustainable bioeconomy for Europe, strengthening the connection between economy, society, and environment. It addresses global challenges such as meeting the Sustainable Development Goals (SDGs) set by the United Nations and the climate objectives of the Paris Agreement. A circular, sustainable bioeconomy can be a core instrument for the Green Deal in the post-COVID-19 era, making the EU more sustainable and competitive. In this context, the EC (Joint Research Centre in collaboration with DG Research and Innovation) created an ad-hoc external Network of Experts (NoE) through individual contracts to contribute to the EC’s Knowledge Centre for Bioeconomy with forward-looking analysis needed for exploring possible scenarios towards a sustainable, clean, and resource-efficient bioeconomy, with a focus on climate-neutrality and sustainable development.

In preparing for a post-COVID-19 era, the bioeconomy should be a priority for the European economic recovery support: promoting short domestic sustainable bioeconomic supply chains brings resources back to the real economy, creates (rural) employment and favours CO2-neutral development, e.g. through biorefineries and land-based Carbon (C) sequestration with respective agricultural and forestry investments.

The full report is available HERE.