Bio economy__Towards a sustainable economic system
Berlin, 17 Jan 2015. Optimal and renewable use of biological resources holds great potential to maintain and create economic growth and jobs in rural, coastal and industrial areas and improve the economic and environmental sustainability of primary production and processing industries. It promotes a more innovative, resource efficient and competitive society that reconciles food security with the sustainable use of renewable resources for industrial purposes, while ensuring environmental protection. Bio economy refers to the knowledge based production and use of biological resources to provide products, processes and services in all economic sectors within the frame of a sustainable economic system.This definition is used by the German Bioeconomy Council in their policy paper Synopsis and Analysis of the Strategies in the G7.