The bioeconomy is the sustainable use of renewable biological resources and industry technologies, to produce bio-based products and services for societal, environmental and economic gain now and in the future.
The bioeconomy uses renewable biological resources sourced sustainably from land and sea such as crops, forestry, fisheries, aquaculture, micro-organisms and converts these resources and their processing by-products into value added biobased products including, but not limited to proteins, feed, fertilizers, plastics and energy.
The bioeconomy covers all sectors and systems that rely on biological resources (animals, plants, micro-organisms and derived biomass, including organic waste). It includes and interlinks: land and marine ecosystems and the services they provide; all primary production sectors that use and produce biological resources (agriculture, forestry, fisheries and aquaculture); and all economic and industrial sectors that use biological resources and processes to produce food, feed, bio-based products, energy and services.
Our planet has limited resources and faces global challenges like climate change, land and ecosystem degradation, coupled with a growing demand for food, feed, biobased materials and energy.
A sustainable circular bioeconomy proactively addresses these challenges and supports climate neutral production and biodiversity protection harnessing local innovation potential, creating employment in rural communities as well as urban areas.