The European Commission has published the review of the 2012 Bioeconomy Strategy and Action Plan "Innovating for Sustainable Growth: A Bioeconomy for Europe". The Strategy had the main aim of paving the way to a society that is more innovative, resource efficient and competitive through the use of renewable resources for industrial purposes, whilst ensuring environmental protection and sustainable, as well as food security. The Strategy identified 5 main objectives:
- Ensuring food security
- Managing natural resources sustainably
- Reducing dependence on non-renewable resources
- Mitigating and adapting to climate change
- Creating jobs and maintaining EU competitiveness.
The review provides an overview of the Strategy's progress in terms of implementing the Action Plan and its first results, its contribution to the five cross-cutting objectives, as well policy coherence. The review also contains analysis of the relevance and the potential contribution of the Bioeconomy to the EU flagship initiatives such as the Circular Economy and the Energy Union. The main findings of the review include:
- The 2012 EU Bioeconomy Strategy and Action Plan is delivering on key actions in the Action Plan;
- The opportunities that the bioeconomy offers and the importance of Bioeconomy Strategy coordination are increasingly recognised by EU Member States and regions;
- Further mobilisation of investments is still needed, which requires a stable regulatory environment;
- Policy coherence needs to be better addressed, as well as the design and implementation of the Strategy and its Action Plan;
- The current policy context highlights the need for a sustainable, circular bioeconomy; and
- Better monitoring and assessment frameworks are needed to assess progress.
Based on the findings and recommendations established in the review, the EU Bioeconomy Strategy will be updated in 2018.