2.1 Definition of bioeconomy in Finland

Some clarifications were made to the definition set out in the 2014 strategy:

DEFINITION OF BIOECONOMY

In Finland, bioeconomy refers to an economy that relies on renewable, biological natural resources in a resource-efficient manner to produce food, energy, products and services.

The most important renewable, biological resources in Finland are the biomass, i.e. the organic matter, in the forests, soil, fields, water systems and the sea, and fresh water. These are used as raw materials and derivates.

Ecosystem services are part of the bioeconomy.

The bioeconomy can also include the development and production of technologies, applications and services based on the sustainable exploitation of natural resources.