Knowledge Based Bio-Economy

The European Commission will adopt its new Strategy for a sustainable Bioeconomy in Europe

The news:

On 13 February, Commissioner for Research, Innovation and Science, Máire Geoghegan-Quinn will present the Commission's new strategy on the Bioeconomy entitled "Innovating for Sustainable Growth: a Bioeconomy for Europe". With the world population approaching 9 billion and natural resources finite, Europe needs renewable biological resources for secure and healthy food and feed, as well as for materials, energy, and other products. This proposal will help to drive the transition from a fossil-based economy to a sustainable bioeconomy in Europe, with research and innovation at its core. The European Union cannot risk being behind in this area. The coherent, cross-sectoral and inter-disciplinary approach to a European Bioeconomy will pave the way to a more innovative and low carbon society, reconciling demands for sustainable agriculture and food security with the sustainable use of renewable biological resources for industrial purposes, while ensuring environmental protection. The plan therefore focuses on three key aspects: developing new technologies and processes for the Bioeconomy; developing markets and competitiveness in Bioeconomy sectors; and pushing policymakers and stakeholders to work more closely together.

As a key component implementing two of the EU2020 flagships, the Innovation Union and Resource Efficient Europe, the new plan will contribute to the objectives of the Europe 2020 strategy for smart, sustainable and inclusive growth.

The background:

The preparation of the Strategy was led by Commissioner Geoghegan-Quinn (RTD) with the support of four other Commissioners responsible for polices relevant to the bioeconomy: Vice-President Tajani (ENTR), and Commissioners Cioloş (AGRI), Damanaki (MARE) and Potočnik (ENV) and will be presented at the Competitiveness Council on 21 February 2012.

The need to increase public funding for bioeconomy research and innovation is recognised under Horizon 2020: €4.7 billion has been proposed for the Challenge “Food security, sustainable agriculture, marine and maritime research, and the bioeconomy” .

The event:

Press conference by Commissioner Geoghegan-Quinn (13 February 2012).
IPs and MEMOs will be available on the day.

The sources:

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