Author (Corporate) | European Commission |
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Publisher | EU |
Series Title | Horizon 2020 Programme |
Publication Date | 2015 |
Content Type | Key Source, Overview |
Research and innovation provide the means to reduce the European Union's dependency on fossil fuels and contribute to meeting its energy and climate change policy targets for 2020 (10% of transport fuels from renewables and a 20% reduction in greenhouse gas emissions). The overall objective is to accelerate the conversion of fossil-based European industries to low carbon, resource efficient and sustainable ones. Estimates conclude that a shift to biological raw materials and biological processing methods could save up to 2.5 billion tons of CO2 equivalent per year by 2030, increasing markets for bio-based raw materials and new consumer products several-fold. Reaping these potential benefits requires building a broad knowledge base and developing relevant (bio)technologies, focusing mainly on three essential elements: Synergies will be sought with the 'Leadership in Enabling and Industrial Technologies' specific objective. Supporting market development for bio-based products and processes: Measures on the demand side may help open up new markets for biotechnology innovation. Standardisation and certification at the European and international level is a requirement for the determination of bio-based content, product functionalities and biodegradability. |
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Source Link | Link to Main Source http://ec.europa.eu/programmes/horizon2020/en/area/bio-based-industries |
Subject Categories | Culture, Education and Research |
Countries / Regions | Europe |