Building on the Fit for 55 Package to unleash the potential of Europe's bioeconomy
BioAdvantage Europe welcomes the increased level of ambition shown in the Commission’s landmark package of legislative proposals, aimed at reaching the EU’s 55% emissions reduction target by 2030 – the ‘Fit for 55 Package’.
We believe the bioeconomy should be seen as a key element of the Fit for 55 Package and to reach the Paris Agreement targets. The bioeconomy is vital if we are to displace fossil fuels and scale solutions that work not just for GHG emission savings, but also for biodiversity, jobs, innovation, trade, energy security, the economy, and Europe’s citizens.
Based on BioAdvantage Europe members’ insights across different parts of the bioeconomy value chain, this paper created in collaboration with coalition partners, Yara, Avril, Lantmännen, and Scania, offers recommendations for the ongoing discussions on the Fit for 55 Package, in order to realise the tremendous decarbonisation potential of the bioeconomy.