Sustainably Increasing the Added Value of the Bioeconomy in Finland

The growth of Finland's bioeconomy requires a major change in bioeconomy production chains. More from less must be achieved in the future. Global problems, such as nature loss, climate change and

solving poverty requires decoupling economic growth from the increasing use of natural resources. With regard to renewable natural resources, a good natural resource policy can support the sustainable supply of raw materials, production and economic growth. A significant increase in the value added of the Finnish bioeconomy cannot be based on an unlimited increase in the use of biomass.

The BAKKES project provides decision makers with quantitative information about the potential value creation of the bioeconomy and the obstacles to its development. This picture is concretized by looking at chosen value chains and the challenges faced by bioeconomy actors, and the fairness of the bioeconomy control measures. Increases value added from bioeconomy is connected to increased general prosperity, and and industries solvency, but also to competition for the bioeconomy's raw materials. The added value and well-being brought by the growth of the bioeconomy also makes it possible to balance the disadvantages of growth. The BAKKES project looks at increasing the value added of the bioeconomy with new products and value chains, where the increase in value is not based on currently already extensively used biomasses, but on thinking less is more and utilization of waste material flows, side streams and recycled materials, as well as utilizing insufficiently used biomass sources. The BAKKES project provides decision-makers an up-todate situation picture on the possibilities, bottlenecks and obstacles of the sustainable bioeconomy, as well as the fair and efficient allocation of control measures related to the use of raw materials.