Green light for the Circular Bio-based Europe Joint Undertaking
The EC has agreed on the successor of BBI JU – the Circular Bio-based Europe Joint Undertaking (CBE JU) in a legislative proposal adopted at the end of February 2021.
The new partnership between the EU and the Bio-based Industries Consortium (BIC) is expected to build on the success of BBI JU while stepping up its contribution to the EU’s climate targets, in line with the European Green Deal. The European Parliament and Council will now study the proposal before adopting its final version towards the end of the year.
The European Commission has adopted today a proposal for the Council Regulation establishing nine joint undertakings under Horizon Europe, the EU’s research and innovation framework programme for the 2021-2027 period. The proposal puts forward CBE JU, the Circular Bio-based Europe Joint Undertaking, as a programme building on the achievements of BBI JU.
‘This is a great day for the European bioeconomy,’ said Philippe Mengal, the Executive Director of BBI JU. ‘CBE JU will take the success of BBI JU to the next level. It will continue fostering collaboration between the scientific community and industry, and de-risking investments, while placing the sustainability and biodiversity at the heart of every project’.
CBE JU is expected to scale up technologies leading to industrial deployment, thus attracting investments and creating jobs, while reaching towards the goals of the Strategic Innovation Research Agenda 2017 (SIRA). In addition, the partnership should involve a wider range of stakeholders including the primary sector, regional authorities and investors to prevent market failures and unsustainable bio-based processes. To deliver on its objectives, it should only fund projects that are respecting principles of circularity, sustainability and planetary boundaries. Consequently, CBE is expected to significantly contribute to the EU’s climate targets for 2030, pave the way for climate neutrality by 2050, and advance circular and sustainable production in line with the European Green Deal.
For more information, please see here: https://www.bbi.europa.eu/news/commission-gives-green-light-successor-bbi-ju