How the Bioeconomy can help seal the European Green Deal
A thriving bioeconomy will be crucial for meeting the goals of the European Green Deal and the Paris Accord on climate – but time is short, and we must act now.
The bioeconomy is an important sector for Europe. It employs around 18 million Europeans today, around 9% of the total workforce, and adds €600 billion of economic value, equal to the GDP of Switzerland. It spans agriculture, aquaculture, forestry, and all the products and waste streams that arise from these activities, including food and feed, forest and crop residues, sewage and manure, bioenergy, biofuels, and bio-based chemicals and materials.
A thriving bioeconomy will be crucial for meeting the goals of the European Green Deal. There are four key areas where the bioeconomy can make a significant contribution; innovative economic growth, sustainable land use, the circular economy, and in decarbonising hard-to-abate sectors. But to reap its full potential, we need the right policy framework in place. You can read more about the policy changes needed in our position paper created in collaboration with key players in the bioeconomy; Avril, Lantmännen, Neste, Novozymes and Scania and other companies in the bioeconomy value chain.