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The OECD considers the potential for value creation associated with the bioeconomy to be significant. Increased and more efficient use of renewable biological resources is also considered key to a shift toward a low carbon economy. Globally, the bioeconomy must also meet the need for food for an increasing population. Norway has an abundant supply of renewable biological resources both at sea and on land, as well as an industrial and knowledge base that is well-suited to exploit this potential. Through targeted and coordinated efforts, better use of renewable biological resources can contribute to renewed growth and a green shift in the Norwegian economy. The government has therefore decided to draw up a national bioeconomy strategy.
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