Biofuture Platform launches Five Principles for Post-COVID Bioeconomy Recovery and Acceleration

The Biofuture Platform, a twenty-country, multi-stakeholder initiative, announced on the 12 August the launch of a set of voluntary principles. These are intended to offer guidance to governments and policymakers around the world on the need to promote the sustainable bioeconomy in both short-term relief packages and broader post-COVID economic recovery programs. The principles have the support of the twenty Biofuture Platform member countries, and were developed following consultations with policymakers, industry experts and international organisations.

The IEA is the Facilitator of the Biofuture Platform since February 2019. The Executive Director Dr. Fatih Birol commented on the development of the Principles: “Bioenergy is the overlooked giant of the renewable energy sector and will be paramount to a successful global energy transition. But its growth is currently not on track to meet sustainable development goals. It is critical that governments incorporate bioenergy in their COVID economic recovery plans, promoting jobs in the sector and ensuring its considerable potential does not remain untapped”.