Today, the Commission adopted a new Strategic Framework for a Competitive and Sustainable EU Bioeconomy, charting a way forward to build a clean, competitive and resilient European economy. By using renewable biological resources from land and sea and providing alternatives to critical raw materials, the EU will move forward towards a more circular and decarbonised economy and can decrease dependence on fossil imports.
The EU-funded ShapingBio project has released a comprehensive policy brief outlining key recommendations to support the European Commission in creating an optimal framework for a sustainable and competitive European bioeconomy. The recommendations feed into the upcoming New EU Bioeconomy Strategy, expected to play a crucial role in advancing Europe’s transition towards a circular, climate-neutral economy.
Today is the last day to participate to the online consultation for the new EU bioeconomy strategy using the Have Your Say portal. The Commission launched a public consultation on the upcoming EU Bioeconomy strategy on Monday (31 March). It marks a significant step forward in harnessing the opportunities of the bioeconomy to support European businesses and drive progress towards the EU’s environmental, climate and competitiveness objectives.
Yesterday, the Commission presented the Clean Industrial Deal, a bold business plan to support the competitiveness and resilience of European industry. “The Deal will accelerate decarbonisation, while securing the future of manufacturing in Europe.” “Faced with high energy costs and fierce and often unfair global competition, our industries – the EU Commission stated – need urgent support. This Deal positions decarbonisation as a powerful driver of growth for European industries. This framework can drive competitiveness as it gives certainty and predictability to companies and investors that Europe remains committed to become a decarbonised economy by 2050.”
The EU Commission yesterday launched a new Biotech and Biomanufactoring Hub to support companies – particularly start-ups and SMEs – in bringing innovative products to the EU market and increase their competitiveness. The Hub will also help companies identify the support available to them at EU level and how to access this support to help them to expand and grow.
Yesterday, the EU Commission presented the Competitiveness Compass, the first major initiative of this mandate providing a strategic and clear framework to steer the Commission’s work. The Compass sets a path for Europe to become the place where future technologies, services, and clean products are invented, manufactured, and put on the market, while being the first continent to become climate neutral.
The Commission published a detailed impact assessment on possible pathways to reach the agreed goal of making the European Union climate neutral by 2050. Based on this impact assessment, the Commission recommends a 90% net greenhouse gas emissions reduction by 2040 compared to 1990 levels, launching a discussion with all stakeholders; a legislative proposal will be made by the next Commission, after the European elections, and agreed with the European Parliament and Member States as required under the EU Climate Law. This recommendation is in line with the advice of the European Scientific Advisory Board on Climate Change (ESABCC) and the EU’s commitments under the Paris Agreement.
“The bioeconomy can be a catalyst for sustainable systematic change and transition, tackling key economic, societal and environmental challenges”. To say it – in this exclusive interview with Il Bioeconomista – is Nicolò Giacomuzzi-Moore, Executive Director ad interim of CBE JU, Circular Bio-based Europe Joint Undertaking.
Interview by Mario Bonaccorso
The high-level conference ‘The Bioeconomy – Enabling the European Green Deal in Challenging Times’ is taking place today in the Charlemagne building in Brussels. The EU Commission is presenting the findings of the EU Bioeconomy Strategy Progress Report, adopted in June 2022, and is highlighting the role of bioeconomy policy to enhance policy coherence and system thinking.
The EU Commission will celebrate the 10th anniversary of the first Bioeconomy Strategy, by organizing a high-level conference in Brussels. The conference “The Bioeconomy – Enabling the European Green Deal in Challenging Times” will take place on 6 and 7 October in the Charlemagne building. In addition, all sessions will also be live-streamed to allow everyone to get involved from anywhere.
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