Bioeconomy means the production of renewable biomass and changing it mainly into food, feed or also other bioproducts and bioenergy.
Bioeconomy covers almost all industrial and economic sectors. Mostly, however, it is based on agriculture, fisheries and forestry, as well as related industries, which produce, manage, or otherwise exploit biological resources (for example, food, feed, fibre, paper, power, chemical, biotechnology industry).
The purpose of the development of the field is to mitigate the impact of climate change on the agricultural sector and help the sector to adapt to climate change, increase the share of renewable energy in energy supply, implement energy-saving measures and reduce the environmental impact of energy production.
In Estonia, the development of the sectors related to bioeconomy belongs to various areas of government of the Ministry of Rural Affairs, the Ministry of the Environment, and the Ministry of Economic Affairs and Communications.
Estonian Bioeconomy Strategy until 2030
The strategy is currently being prepared. The purpose of the preparation of the Estonian Bioeconomy Strategy is to create a strategic framework for binding the areas of bioeconomy, which would, for the growth of the welfare of the people, help to make the production and use of biomass as effective and environmentally friendly as possible, thus increasing the value of the existing land and water resources to the limit.
Development Plan on the Promotion of Biomass and Bioenergy Use for 2007–2013
The development plan aims to create favourable conditions for the development of domestic biomass and bioenergy production to reduce Estonia’s dependence on imported resources and fossil fuels, reduce the pressure on the natural environment, use land resources efficiently and sustainably, and contribute to the employment in rural areas.