A new economy based on the use of renewable biological resources and industrial biotechnology as a driver of innovation is needed to promote the development of the European Commission's New Green Deal.
For nearly a decade, the European Commission has been introducing the bioeconomy as an area of action and work for building sustainable ecosystems. The bioeconomy has impacts not only on traditional sectors such as agriculture, fisheries, aquaculture and forestry, but also in highly innovative areas such as biotechnology and bioenergy.
The 'cross-cutting' nature of the bioeconomy offers a unique opportunity to address interlinked societal challenges in an all-encompassing and systemic way with an innovative and knowledge-based approach.