Today’s economy relies heavily on fossil carbon. We burn oil and gas to power homes, industry and transport – and rely on more than 100,000 fossil fuel based chemicals to make everyday products. The bioeconomy will reduce our dependency on fossil resources by using renewable resources to make our chemicals, materials, energy and fuel.
While renewable energy sources (such as wind and solar power) can help reduce the amount of fossil resources we burn, only the shift to a bioeconomy can replace fossil-resource derived chemicals. Switching to biobased resources will reduce greenhouse gas emissions throughout the value chain.