The Council of the European Union has approved conclusions supporting the EU’s new bioeconomy strategy, aiming to accelerate the shift from lab-based innovation to large-scale production. The strategy envisions a competitive, sustainable bioeconomy by 2040, promoting bio-based and circular solutions as alternatives to fossil resources.
It emphasizes boosting innovation, simplifying regulations, and attracting investment in sectors such as bio-based plastics, construction materials, textiles, and the emerging blue bioeconomy. The Council also highlights the need to create predictable market demand to unlock private funding and scale sustainable technologies.
With the European Commission’s strategy as a foundation, member states are encouraged to update national policies and ensure efficient use of biomass, including waste and by-products.
The bioeconomy already employs 17.1 million people across the European Union and is valued at €2.7 trillion, making it one of the fastest-growing sectors while supporting environmental sustainability and circularity.
