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The Bioeconomy Strategy

Launched and adopted on 13 February 2012, Europe's Bioeconomy Strategy addresses the production of renewable biological resources and their conversion into vital products and bio-energy. Under the lead of DG Research and Innovation, the Strategy was co-signed by several other Commission departments namely DG Agriculture and Rural Development, DG Environment, DG Maritime Affairs, and DG Industry and Entrepreneurship.

It is not a new piece of legislation. It aims to focus Europe's common efforts in the right direction in this diverse and fast-changing part of the economy. Its main purpose is to streamline existing policy approaches in this area.

It is structured around three pillars:

  • Investments in research, innovation and skills;
  • Reinforced policy interaction and stakeholder engagement;
  • Enhancement of markets and competitiveness.

The Strategy proposes answers to the challenges Europe and the world are facing:

  • increasing populations that must be fed
  • depletion of natural resources
  • impacts of ever increasing environmental pressures
  • climate change

The Strategy is also needed to ensure that fossil fuels are replaced with sustainable natural alternatives as part of the shift to a post-petroleum society.

It calls for new approaches to come from research and innovation and supports science and technological leadership to drive tangible improvements in Europe's social, economic and environmental welfare.

The planned review and updating of the Strategy by 2017 will provide a major opportunity for new political impetus and orientation.

 

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