Please be informed that the European Commission has adopted a new Strategic Framework for a Competitive and Sustainable EU Bioeconomy, to build a clean, competitive and resilient European economy. By using renewable biological resources from land and sea and providing alternatives to critical raw materials, the EU aims at moving forward towards a more circular and decarbonised economy and can decrease dependence on fossil imports.
Background:
- The bioeconomy covers activities that use biological resources to create added value. It includes products, services, science and technologies benefitting a number of sectors ranging from agriculture and forestry to fisheries and aquaculture. Using biomass processing, biomanufacturing and biotechnologies, the bioeconomy supports food, health, energy, industry and ecosystem services.
- The new Strategic Framework for a Competitive and Sustainable EU Bioeconomy builds on the 2012 Bioeconomy Strategy and the reviews carried out in 2018 and 2022, shifting the focus towards industrial deployment, market scale-up, competitiveness and resilience.
- The bioeconomy is considered as offering Europe a chance to strengthen its resilience, replace fossil-based materials and products, create jobs and lead the global shift to clean industries. With this new Strategy, the EU wants to support activities that provide sustainable practical solutions using our biological resources in sectors such as agriculture, forestry, fisheries, aquaculture, biomass processing, biomanufacturing and biotechnologies. It is to harness the vast potential of these resources, scientific excellence and industrial base, and encourages innovations that benefit the climate, nature and society.
- With respect to stimulating innovation and investments, the strategy refers to the case of HERA Invest supporting SMEs and startups investing in Medical Counter Measures for health risk reduction and prevention solutions which, where relevant, could make use of bio-based resources and biotechnology.
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