The bioeconomy encompasses the production of renewable biological resources and their conversion into food, feed, bio-based products and bio-energy. It includes agriculture, forestry, fisheries, food and pulp and paper production, as well as parts of chemical, biotechnological and energy industries. Its sectors have a strong innovation potential to support Ireland's transition to a more integrated sustainable, low carbon economy.
The Government's Action Plan for Jobs called for an assessment of the potential of Ireland's bioeconomy to further contribute to economic development and the transition to a low-carbon economy. To take forward this action, an Inter-Departmental Group was established by the Department of the Taoiseach to consider and develop a national policy statement for the bioeconomy.
The National Development Plan - Project Ireland 2040 the Government's €116 billion development plan for the next decade which is underpinned by a 20 year planning framework, highlights the potential of the bioeconomy in promoting the more efficient use of renewable resources while supporting economic development and employment in rural Ireland.
As part of Project 2040 the Government published on 12 March 2018 the first National Policy Statement on the Bioeconomy .
Through this commitment the Government recognises that the bioeconomy is crucial for sustainability while also providing an impetus to rural and regional development and employment.
For more information:
EU Commission - Research and Innovation – Bio-economy.
Innovating for Sustainable Growth – A Bio-economy for Europe