The European Commission has announced the Circular Bio-Based Europe Joint Undertaking (CBE JU) the new Public Private Partnership between the EU and the Bio-based Industries Consortium (BIC) that will replace the successful BBI JU. CBE JU will aim to step up the previous contribution to the EU’s climate targets following the European Green Deal. Moving forward, the European Parliament and Council will study the proposal before adopting its final version towards the end of the year.
In February 2021, the European Commission announced a new Public Private Partnership between the EU and the Bio-based Industries Consortium (BIC), named Circular Bio-based Europe Joint Undertaking (CBE JU) that will substitute the current BBI JU. Both public and private partners are committed to investing in the joint undertaking up to €2 billion, divided in two equal parts.
“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”.
What we know about CBE JU
In line with the goals of the Strategic Innovation Research Agenda 2017 (SIRA), the CBE JU objective is to scale up technologies leading to industrial development. The partnership will include a wider range of stakeholders: primary sector, regional authorities, and investors.
In compliance with the EU’s climate targets for 2030 and the European Green Deal, the CBE will only fund projects that contribute towards sustainability and circularity. Thus, part of the research will focus on sustainability and biodiversity while putting in place a system to measure the environmental and socio-economic impacts of the projects.
Moreover, the CBE JU will put a special focus on further developing the conversion of biomass into bio-based products via multiscale biorefineries.
Another one of CBE’s main targets will be investing in R&I in all scientific disciplines that support bioeconomy in order to implement bio-based innovation at regional scale, aiming to revitalize rural regions in Europe.
It is expected that the adoption of the regulation will take place at the end of 2021. Meanwhile, the European Parliament and Council will study the proposal.
About BBI JU
The Bio-based Industries Joint Undertaking (BBI JU) is Public-Private Partnership between the European Union and the Bio-based Industries Consortium (BIC) for the period of 2014-2020. With a total of €3.7 billion, €975 million provided by the Horizon 2020 programme and €2.7 billion by the private sector (BIC).
According to the latest information provided by the BBI JU, the initiative has funded 123 bio-based innovation projects involving 924 beneficiaries.
BBI JU projects had three main focus areas:
- Markets, products, and policies.
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