Bioeconomy in the Shade of Green Deal: The System Dynamic Approach

Abstract

At the end of 2019, the European Commission launched a new growth strategy called 'The European Green Deal' (GD), which aims to 'transform the European Union (EU) into a fair and prosperous society with a modern, resource-efficient a competitive economy with no net greenhouse gas emissions in 2050 and where economic growth is decoupled from resource use'. This study present developed system dynamic (SD) tool for determining bioeconomy development until 2030 and impact of different GD strategy activities on achieved progress. The bioeconomy index the created and used to measure bioeconomy progress for all scenarios. The optimal scenario was identified between reaching climate goals and adding value to the agricultural, forestry and fisheries resources.