Germany to support ‘bio-economy’ with 3.6 bn euros
PTI, Jan 16, 2020, 11:10 AM IST
Frankfurt am Main: German ministers on Wednesday agreed an action plan for the “bio-economy” worth 3.6 billion euros to help sustainable resources replace the material of fossil origin in everyday products.
Research and agriculture ministers Anja Karlizcek and Julia Kloeckner will oversee the scheme that is set to back more than 1,000 projects and last until 2024.
Farming is to benefit from 2.5 billion euros (USD 2.8 billion) of the total, while a little more than one billion euros is to be devoted to research.
“Renewables can be developed around the corner, in our meadows, fields and forests, whereas we have to import many fossil raw materials,” Kloeckner told reporters.
The term bio-economy refers to the practice of using plants, microorganisms or fungi to develop chemical products, medications and other inputs for consumer goods, rather than deriving them from fossil deposits like gas or oil.
The ministers highlighted different examples of bio-economy products, including car tyres made from dandelions, a flax-based car door as an alternative to carbon fibre, spider-silk trainers and a lightweight wooden cycle helmet.
“Sustainable bioproducts will be economically competitive over the long term,” Karlizcek said, given the scheduled ratcheting up of prices for emitting carbon dioxide (CO2) in Berlin’s latest climate protection plans.
Kloeckner noted that “conflicts” must be avoided between the bio-economy and traditional farming, warning that “growing demand for renewable raw materials shouldn’t endanger food security.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Elon Musk in Beijing amid efforts to promote Tesla’s autonomous driving tech
Corporate earnings, US Fed interest rate decision to drive markets in holiday-shortened week: Analysts
Pune court asks police to probe bribery allegations against IT major Cognizant
Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
MUST WATCH
Latest Additions
Some countries, institutions want weak govt to make easy profits: PM Modi
People can talk anything they want to, I know my game better: Virat Kohli on his strike rate
Sexual harassment, stalking case registered against ex-minister H D Revanna and his son Prajwal
Reservation row: Congress campaign ‘biggest lie’ of the decade, says Kishan Reddy
BJP trying religious polarisation in Nagaon: Congress candidate Pradyut Bordoloi