Adoption of the bioeconomy strategy progress report
The report reflects on the increased importance of the bioeconomy in the new political environment, framed by the European Green Deal. With our current fossil-based economy having reached its limits, the transition towards a new societal and economic model, based on the sustainable and circular use of biological resources, has become one of the Union’s core tasks. The bioeconomy, with its potential to improve policy coherence, and identify and resolve trade-offs, for example on land and biomass demands, enables countries and regions to design transition pathways according to their specific challenges and opportunities. Hence, the bioeconomy plays a crucial role in achieving the objectives of the European Green Deal, and help us to find solutions for the current food security and energy independence crisis caused by the Russian invasion of Ukraine.