The bioeconomy already makes a strong contribution to the overall EU economy. It contributes close to 5% to the EU gross domestic product.
The EU bioeconomy is driven by innovation and creates high-value products. The bioeconomy covers the use of renewable biological resources from agriculture, forests and seas, including residues and waste to produce food, materials and energy.
Most commercially exploited species are under high fishing pressure. Estimates show that, worldwide, only 7% of monitored marine fish stocks are underfished.
The Joint Research Centre has been applying Life Cycle Thinking in several contexts and projects, including the evaluation of environmental impacts of bio-based products.
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