Europe invests in bioeconomy

The European Commission has announced plans to accelerate growth in the bioeconomy.

It wants to attract investment and generate jobs in the green economy by scaling up the sustainable use of renewable resources.

“It has become evident that we need to make a systemic change in the way we produce, consume and discard goods. By developing our bioeconomy – the renewable segment of the circular economy – we can find new and innovative ways of providing food, products and energy, without exhausting our planet’s limited biological resources. Moreover, rethinking our economy and modernising our production models is not just about our environment and climate. There is also great potential here for new green jobs, particularly in rural and coastal areas,” said Jyrki Katainen, Vice-President for Jobs, Growth, Investment and Competitiveness.