The Bioeconomy concept

The bio-based economy (bioeconomy) concerns the sustainable management of our natural renewable and non renewable resources. The bio-based economy is characterised and defined by the full range of ecosystems, land and sea resources, biodiversity and biological raw materials (plant, animal and microbe). The bio-based economy encompasses the agriculture, forestry, aquaculture, fisheries, food, biotechnology and chemical industry sectors responsible for the sustainable production of food, feed, bio-based products and bioenergy. The bioeconomy will assist rural development and sustainability, to ensure the long term competiveness of the European agri- and aquaculture, forestry, food and chemical sectors, and to mitigate climate changing greenhouse gas emissions.

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