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23 October 2018

Advancing Bioeconomy – the new strategic pathway for the EU

This month, the EU Commission put forward a new bioeconomy strategy including 14 specific steps towards implementation. The underlying aim of the strategy is to help address global challenges such as climate change by providing innovative solutions that deliver on targets around circular resource management and local economies.

"It has become evident that we need to make a systemic change in the way we produce, consume and discard goods. By developing our bioeconomy – the renewable segment of the circular economy – we can find new and innovative ways of providing food, products and energy, without exhausting our planet's limited biological resources. Moreover, rethinking our economy and modernising our production models is not just about our environment and climate. There is also great potential here for new green jobs, particularly in rural and coastal areas.” - Jyrki Katainen (Vice-President for Jobs, Growth, Investment and Competitiveness)

Public procurement can play an important role in the transition to a biobased economy. InnProBio, a European project that finished earlier this year, focused on bio-based innovation in public procurement. The results aim to assist European public entities in their purchasing decisions and actions when it comes to bio-based products and services. Click here to see all available resources published by the project.

The full bioeconomy strategy can be accessed here.