{"id":7515,"date":"2018-11-14T09:23:41","date_gmt":"2018-11-14T08:23:41","guid":{"rendered":"http:\/\/www.besustainablemagazine.com\/cms2\/?p=7515"},"modified":"2018-11-14T15:22:03","modified_gmt":"2018-11-14T14:22:03","slug":"updated-eu-bioeconomy-strategy-and-new-bbi-ju-country-fact-sheets-showing-great-potentials-in-europe","status":"publish","type":"post","link":"https:\/\/www.besustainablemagazine.com\/cms2\/updated-eu-bioeconomy-strategy-and-new-bbi-ju-country-fact-sheets-showing-great-potentials-in-europe\/","title":{"rendered":"Updated EU Bioeconomy Strategy and New BBI JU Country Fact Sheets Showing Great Potentials in Europe"},"content":{"rendered":"

The European Union recently updated the 2012 Bioeconomy Strategy to ensure a more sustainable supply and a better management of resources at both EU and global level, whereas European countries already host several bioeconomy projects. Let\u2019s have a look.<\/strong><\/p>\n

The 2012 EU Bioconomy Strategy<\/strong><\/p>\n

Bioconomy is a broad term generally encompassing those sectors of the economy employing renewable biological resources from land and sea such as crops, forests, fish, animals and micro-organisms to produce food, materials and energy. A bioeconomy-based approach therefore constitutes a great opportunity for societies to be more innovative, resource-efficient by reconciling food security with the sustainable use of biotic renewable resources for industrial purposes, while ensuring environmental protection at the same time.<\/p>\n

The 2012 Bioeconomy Strategy for Europe<\/a> identified 5 main sectors of intervention: ensuring food security, a sustainable management of natural resources, climate change mitigation and adaptation, reducing dependence on non-renewable resources, creating job opportunities and supporting EU competitiveness. The related Action plan was particularly effective in the mobilization of R&I investments across Member States, in terms of bioeconomy funding in the framework of Horizon 2020 programme as well as in terms of EU support to national financings. The BioBased Industries Joint Undertaking, a \u20ac3.7 billion partnership between the EU and the Bio-based Industries Consortium, successfully supported dozens of projects in the field of the bioeconomy.<\/p>\n

Even though several 2012 Bioeconomy Strategy objectives have been included in many European national and regional bioeconomy strategies such as the Smart Specialisation Strategies (Cohesion Policy), a recent review of the Strategy underlined a poor correspondence between the strategic objectives and the actions as defined by the Action Plan. Furthermore, an insufficient and monitoring framework hindered the achievement of policy coherence, especially in the light of recent global policy developments.<\/p>\n

The 2018 Update of EU Bioconomy Strategy: same goals, actions refocused<\/strong><\/p>\n

By consequence, the aim of the Updated\u00a0Bioeconomy Strategy for Europe<\/a><\/strong>, launched by the European Commission in October 2018, is to maximize the support to a modernisation and a strengthening of the EU industrial base to build a sustainable bioeconomy as a renewable segment of the wider, circular, economy in line with the process of the Energy Union constitution. For this purpose, the 2018 update determined 14 concrete new actions.<\/p>\n

As far the first action area is concerned, related to the strengthening and scaling-up of the bio-based sectors<\/strong><\/em> by unlocking investments and markets, the EU committed \u00a0to:<\/p>\n