Bioeconomy: the missing link to connect the dots in the EU Green Deal

Mar 2020

Bioeconomy: the missing link to connect the dots in the EU Green Deal
Blog of the European Forest Institute (EFI)

Three features of the bioeconomy to connect the dots in the Green Deal:

  1. The bioeconomy is fundamental for inclusive prosperity and fair social transition. It offers the possibility of a more inclusive distribution of income, jobs, infrastructures and prosperity in a wider part of the territory, especially in rural areas.
  2. Moving towards a carbon neutral EU does not only requires moving towards fossil free energy. It also requires great efforts to move to fossil free materials, and to replace carbon intense products like plastics, concrete, steel and other materials like synthetic textiles. This shift is also an opportunity to modernize and make industries more circular: renewable biological resources, like forest resources, are, if managed sustainably, circular by nature and often easier to remanufacture.
  3. The bioeconomy offers a great opportunity to address the past failure of the economy to value nature and biodiversity. Biodiversity is a prerequisite for a long-term, sustainable and resilient bioeconomy. It is unrealistic to assume that actions to protect or enhance biodiversity should be funded only by public money. Forest owners and forest industry generating enough income from a profitable bioeconomy would be in a better position to reinvest in biodiversity and natural capital.

The bioeconomy, an economy powered by nature and emerging from nature has, if managed in a sustainable way, major potential to help deliver the ambitions set by the Green Deal.

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