Knowledged Based Bioeconomy is one of the most successful and fast growing areas in Europe.
The Bioeconomy encompasses the full range of ecosystems – land and sea resources, biodiversity and biological materials (plant, animal and microbe), processing, and consumption. It includes the agriculture, forestry, fisheries, food, biotechnology and chemical industry sectors but also contributes to the sustainable growth and production of food, feed, energy and renewable materials and to the development of rural and coastal areas. The Knowledge Based Bioeconomy focuses on sustainable management, production and use of renewable biological resources, through life sciences and biotechnology and convergence with other technologies addressing the great societal challenges, to enhance the EU’s overall competitiveness and to meet high consumer demands.
European Bioeconomy Strategy
The European Union performs a Europe 2020 strategy for “Innovating for sustainable growth: A Bioeconomy for Europe”. The Europe 2020 Strategy calls for a bioeconomy as a key element for smart and green growth in Europe. Advancements in bioeconomy research and innovation uptake will allow Europe to improve the management of its renewable biological resources and to open new and diversified markets in food and bio-based products.
The goals of the strategy contribute significantly to the objectives of the Europe 2020 flagship initiatives “Innovation Union” and “A Resource Efficient Europe”.
Download Bioeconomy 2020 paper: Download
Watch a youtube video where the EC presents its bio-Economy plan: