Caspian Energy Journal Caspian European Club
Friday, 12 October 2018 11:00

Sustainable Europe through a new bioeconomy strategy

Sustainable Europe through a new bioeconomy strategy

On 11 October 2018 the European Commission put forward an action plan to develop a sustainable and circular bioeconomy that serves Europe's society, environment and economy, Caspian Energy News ( reports with reference to the press statement of the European Commission.

Delivering a sustainable circular bioeconomy requires a concerted effort by public authorities and industry. To drive this collective effort, the Commission will launch 14 concrete measures in 2019, including scaling up and strengthening the bio-based sectors, rapidly deploying bioeconomies across Europe, and protecting the ecosystem.

The Commission will establish a €100 million Circular Bioeconomy Thematic Investment Platform to bring bio-based innovations closer to the market and de-risk private investments in sustainable solutions and facilitate the development of new sustainable bio-refineries across Europe.

Member States and regions, particularly in Central and Eastern Europe, have a large underused biomass and waste potential. To address this, the Commission will develop a strategic deployment agenda for sustainable food and farming systems, forestry and bio-based products. It will also set up an EU Bioeconomy Policy Support Facility for EU countries under Horizon 2020 to develop national and regional bioeconomy agendas.

The Commission will implement an EU-wide monitoring system to track progress towards a sustainable and circular bioeconomy.

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Person in charge of the newsline: Olga Nagiyeva 

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