Monitoring the bioeconomy: an introduction to the Biomonitor project

The BioMonitor project organized a webinar on June 10th on "Monitoring the bioeconomy: an introduction to the Biomonitor project" to give deep dive into some focal points raised in our policy briefs #1, #2, #3 and #4 and Infopack #1.

The ultimate objective of the BioMonitor project is to analyse how the Bioeconomy affects our lives. Some activities that are being done to meet this goal include the identification of indicators derived from the national accounting system can contribute to this analysis, the further development of a modelling framework for the bioeconomy, and crafting policy narratives for specific stakeholders.

The webinar was held by three representatives from two project partners—project coordinator Justus Wesseler (WUR), Maximilian Kardung (WUR), George Philippidis (CITA) – and was moderated by Dusan Drabik (WUR). This event gave the project an opportunity to show the project's latest results. One of them was on the development of the value added of the bioeconomy for 28 European Union Member States (MS) and 16 industries using Input-Output statistics covering the period from 2005 to 2015. The measurement method proposes a model that includes the up- and down-stream linkages of sectors of the bioeconomy. The results show that for the majority of the EU member States the value added of the up- and down-stream sector ranges between 40%-50% of the total bioeconomy value added and has on average increased since the financial crisis.

BioMonitor will publish its fifth policy brief on assessing the indicators that measure the development of a circular bioeconomy this July. In the meantime, you can watch the full webinar here and subscribe to our website for more updates from the BioMonitor project.

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