The European Commission has released a new Bioeconomy Strategy to promote sustainable, bio‑based innovation across the EU. The strategy defines the bioeconomy as activities that create added value from biological resources, including agriculture, forestry, fisheries and biomass processing. It will simplify regulation, fast‑track approvals, and create a “bioeconomy window” within the European Competitiveness Fund and Horizon programme to finance innovation, de‑risk deployment and attract private capital. A Bio‑Based Europe Alliance will encourage companies to purchase €10 billion of bio‑based materials by 2030. The strategy also aims to support farmers, foresters and fishers by improving value chains and job creation, while helping citizens access affordable green products. Sustainability and circularity are core principles to protect ecosystems and ensure biomass supply remains efficient.
https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_2820
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