The 2018 update of the Bioeconomy Strategy aims to accelerate the deployment of a sustainable European bioeconomy so as to maximise its contribution towards the 2030 Agenda and its Sustainable Development Goals (SDGs), as well as the Paris Agreement.

The update also responds to new European policy priorities, in particular the renewed Industrial Policy Strategy, the Circular Economy Action Plan and the Communication on Accelerating Clean Energy Innovation, all of which highlight the importance of a sustainable, circular bioeconomy to achieve their objectives.

The update proposes a three-tiered action plan to:

1.     Strengthen and scale up the bio-based sectors, unlock investments and markets
2.     Deploy local bioeconomies rapidly across the whole of Europe
3.     Understand the ecological boundaries of the bioeconomy