Fit for the world in 2023 and beyond


As a catalyst for systemic change, the bioeconomy helps achieve the economic, social, and environmental objectives of the European Green Deal.

By seeking new ways of producing and using resources responsibly, it contributes to working within planetary boundaries and takes the EU closer to a circular economy that respects nature. Through a systemic approach to the sustainable use of biological resources, the circular bioeconomy is contributing to the achievement of the UN Sustainable Development Goals (SDGs).

One of the tools to finance this change is the Bio-based Industries Joint Undertaking (BBI JU), launched in 2014 to stimulate innovation and investments. The BBI JU private-public partnership had received a total of €2.6 billion of private investments by the end of 2021, leveraging €822 million in support from the EU. Since 2021, innovative bio-based projects continue to be supported by the successor of the BBI JU: the Circular Bio-based Europe JU (CBE JU), with a strong focus on the EU’s environmental goals and support to local economies.