The European Commission announced last Thursday, during the International Forum on Industrial Biotechnology and Bioeconomy which was held in Rome, the first closing at €82m of the European Circular Bioeconomy Fund (ECBF), the first equity fund focused on the bioeconomy and on circularity in the EU and Horizon 2020 Associated Countries under management of the ECBF Management GmbH. The European Investment Bank (EIB), which committed to invest a total of €100m to the target size of the ECBF of €250m, raised €65m in the first closing, the rest came from private investors.
The new Action Plan announces initiatives along the entire life cycle of products, targeting for example their design, promoting circular economy processes, fostering sustainable consumption, and aiming to ensure that the resources used are kept in the EU economy for as long as possible.
The European Commission and the European Investment Bank (EIB) completed the public procurement process for the selection of an investment advisor to set up and manage the European Circular Bioeconomy Fund (ECBF). The selected investment advisor is ECBF Management GmbH and Hauck & Aufhäuser Fund Services S.A. will act as the Alternative Investment Fund Manager.
“We need more Finlands in the Bioeconomy”. This is what John Bell, director Bioeconomy at the EU Commission said yesterday in Helsinki at the European Bioeconomy Scene 2019, organized with the objective to achieve an inclusive and sustainable bioeconomy for Europe.
Helsinki is the European capital of bioeconomy. A Bioeconomy Conference is being organised to contribute to achieving an inclusive and sustainable bioeconomy for Europe. Finland’s Ministry of Agriculture and Forestry and the European Commission are jointly organising the conference, and it is one of the events to be held in Helsinki under Finland’s Presidency of the Council of the European Union.
The European Commission launched today the updated Bioeconomy Strategy “A sustainable Bioeconomy for Europe. Strengthening the connection between economy, society and the environment”.
“The bioeconomy promises to lead the next rising wave of global economic development. Renewable energy, renewable raw materials and recyclable products pose a positive challenge to our current fossil fuel dependence”. John Bell, Director at the European Commission in charge of bioeconomy, talks to Il Bioeconomista.
In this long exclusive interview, he talks about the new strategy on bioeconomy, the EU’s new research and innovation programme, the role of member states and regions and the connection between bioeconomy and society.
Interview by Mario Bonaccorso
Yesterday in Brussels was the Bioeconomy Policy day, a day dedicated not only to announce the outcomes of the review on the bioeconomy strategy presented in a Staff Working Document, but also to discuss how to move the bioeconomy forward. The EU Bioeconomy Stakeholders Panel launched the European Bioeconomy Manifesto to set out how the continent plans to grow this mult-trillion euro industry.
A New study conducted by nova-Institute and ordered by CropEnergies, which will be presented and discussed for the first time in Brussels on 26 September 2017, conducts quantitative and qualitative sustainability assessment of biofuels against the background of the EU’s REDII negotiations. This comprehensive sustainability assessment carried out by the German company led by Michael Caurs “shows that first generation bioethanol is as advantageous as second generation bioethanol for a feasible climate strategy”. According the nova-Institute “the results clearly indicate that the systematic discrimination against first generation biofuels of the current Commission proposal is in no way founded on scientific evidence. It would be counterproductive to further lower the share of first generation fuels in the EU’s energy mix”.
Yesterday the European Commission adopted a new Circular Economy Package to stimulate Europe’s transition towards a circular economy which will boost global competitiveness, foster sustainable economic growth and generate new jobs.