Bioeconomy (Communication)
In view of the challenges of an increasing global population, the depletion of resources, increasing environmental pressures and climate change, the Commission is calling for a “bioeconomy strategy” to “radically” change the use of biological resources. The strategy comprises proposals for measures in the EU and/or Member States for investments in research, innovation and qualification, closer political cooperation at a national, EU and global level and strengthening the markets and competitiveness of the bioeconomy sector.
cepPolicyBrief
Standards for bio-based products increase efficiency on the supply side and facilitate price-performance comparison on the demand side. The Commission‘s approach to focus specifically on promoting only bioeconomy sectors, however, is problematic, since solutions for the challenges identified by the Commission can be found in other economic sectors, too. Therefore, the promotion of biotechnology innovation distorts competition between the different sectors and their corresponding companies.
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