Bioeconomy: Council backs moving bio-based innovations from lab to production

Press release

Today, the Council approved conclusions on the new EU’s bioeconomy strategy. The Council conclusions welcome the vision for a competitive and sustainable bioeconomy by 2040, promote the use of bio-based and circular solutions across all relevant sectors – as fossil-free alternatives – and support innovation and investments.

Bioeconomy uses renewable biological resources such as plants, animals and microorganisms to produce food, energy and industrial goods.

"With today’s Council conclusions, we say it loud and clear: competitiveness, sustainability and homegrown innovation must be at the core of the EU’s path toward a resilient bioeconomy by 2040 and Europe’s strategic autonomy."
Maria Panayiotou
Minister of Agriculture, Rural Development and Environment of the Republic of Cyprus

Find more information on the official website of the Council of the EU.

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