The Austrian Bioeconomy Strategy was adopted on 13 March 2019 with the resolution of the Austrian Climate and Energy Strategy #mission2030 in Vienna. The aim of the strategy is to take concrete measures to further establish the bioeconomy and to strengthen Austria's economic competitiveness in a global comparison.
The Federal Ministry for Sustainability and Tourism, the Federal Ministry for Transport, Innovation and Technology and the Federal Ministry of Education, Science and Research were involved in the content of the Austrian Bioeconomy Strategy. The economic potential of bio-based products, bioenergy and the associated technologies and services is to be further exploited by 2030. In order to successfully implement the Bioeconomy Strategy in Austria, an Action Plan has been drawn up with the participation of all relevant stakeholders based on the strategy. The action plan comprises:
- The achievement of climate goals
- Reduction of dependence on non-renewable raw materials
- Promotion of innovation
- Promotion of economic development
- Securing and creating jobs
- Promotion of sustainable social transformation
The Action Plan is aimed at agriculture and forestry, waste management, the processing industry, trade and consumers. Due to its natural resources, economic infrastructure and research institutions, Austria can build on a number of strengths. Particular potentials for the Bioeconomy in Austria lie in the paper and pulp industry, in the construction, insulation and wood sectors, in the basic chemical industry with products such as fibres, plastics or biofuels and in the use of bioenergy. You can download Austria’s Bioeconomy Strategy 2019 here.
European Commission (2020): URL: https://ec.europa.eu/knowledge4policy/bioeconomy/country/austria_en (26.02.2020)