Recent Intesa Sanpaolo research shows that more than 10 per cent of Italy’s production now comes from the bioeconomy. That’s double the amount of the UK. The bioeconomy provides two million jobs in Italy alone.
The bioeconomy refers to the economy of everything we produce through biomass or biological processes. That includes agriculture, forestry and fisheries, but it also extends to industrial sectors such as food and paper, as well as biotech and parts of the chemicals industry. Understandably, the bioeconomy is a pillar of the EU’s sustainability goals and a cornerstone of the sustainable development plan.
“It delivers strong communities by creating an economy that is able to respect the environment,” says Laura Campanini, Head of Finance and Local Public Services at the Intesa Sanpaolo research department. “The bioeconomy is very important in preventing biodiversity loss.”