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Knowledge for policy

Supporting policy with scientific evidence

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Publication | 5 February 2018

Macroeconomic outlook of sustainable energy and biorenewables innovations (MEV II)

Bioeconomy

To meet the emission targets, the Dutch government expects that a large-scale deployment of biomass is needed but the macroeconomic impacts on the Dutch economy are unknown. This study analyses the impacts of the bio-based economy at both system and macroeconomic levels and shows that large-scale deployment of biomass up to 2030 positively contributes to the Dutch economy, contributes to meeting the emission reduction targets and to reducing its macroeconomic costs. High technological change and global markets are important to achieve these impacts, but low fossil energy prices reduce the macroeconomic benefits. To achieve the positive macroeconomic impacts and emission reduction, a stimulus by policies is necessary.