What is the role of the circular forest-based bioeconomy in a renewed EU industrial strategy? 

In recent years, the circular forest-based bioeconomy industries have been a key driver of the European economy, while positively contributing to climate change mitigation. The overall and positive climate effect of the forest-based sector is estimated at -806 million tonnes (net) of carbon dioxide equivalent annually. This corresponds to mitigating 20% of all fossil emissions in the European Union. The sector’s strategic nature is rooted in two key elements: its ability to provide a sustainable and low-carbon alternative to traditional fossil fuel-based industries, and its broad scope of integrated value-chains ‘made in Europe’ that supply to all EU industrial ecosystems. Initiatives like the Antwerp Declaration aim to have a renewed European Industrial Deal to go hand in hand with the Green Deal. Considering the pivotal role that the forest-based economy plays towards this objective, how can the next EU mandate foster sustainable supply chains in order to boost the region’s economic growth while ensuring a stronger Europe in the world? 

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Questions to be addressed include, but are not limited to:

- How do the products and solutions provided by the circular forest-based bioeconomy industries contribute to the EU Green Deal? - What is their contribution to the EU open strategic autonomy?

- What challenges does the European biobased industries face when competing with global actors?

- What is it needed in order to scale up Europe’s investments in its circular bioeconomy?

CEO of Sappi Europe, Chairman of Cepi
Cepi
Publishing Director
The Parliament
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