The bioeconomy covers all sectors and systems that rely on biological resources
… (animals, plants, micro-organisms and derived biomass, including organic waste), their functions and principles. It includes and interlinks: land and marine ecosystems and the services they provide; all primary production sectors that use and produce biological resources (agriculture, forestry, fisheries and aquaculture); and all economic and industrial sectors that use biological resources and processes to produce food, feed, bio-based products, energy and services. To be successful, the European & Irish bioeconomy needs to have sustainability and circularity at its heart. This will drive the renewal of industries, the modernisation of primary production systems, the protection of the environment and will enhance biodiversity.
WITHIN THE EU
The bioeconomy is one of the EU’s largest and most important sectors
encompassing agriculture, forestry, fisheries, food, bio-energy and bio-based products with an annual turnover of around €2 trillion and employing around 18 million people. The bioeconomy is needed as the world has limited resources and face global challenges like climate change, land and ecosystem degradation, coupled with a growing demand for food, feed, biobased materials and energy. This is forcing countries, industries and people to seek new ways of producing and consuming. A sustainable and circular bioeconomy contributes to addressing these challenges.
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STRATEGY UPDATE 2018
The bioeconomy is an area of strength for Ireland, due to the natural resources and infrastructure available. It has the potential to support new jobs and grow Ireland’s economy while achieving green targets of reduced carbon emissions and sustainability.
…of the top 15 sectors that impact Ireland’s economy are related to the bioeconomy.
…of Ireland’s net foreign earnings come from the agri-food sector.
…increase in value of the agri-food sector, targeted in the Food-Wise 2025 strategy.
…increase in jobs is predicted in the agri-food sector to reach this target.