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recent worldwide financial crisis. Governments tend only to provide financial support and incentives on a relatively short-term basis, while the pathway to success for many enterprises is a long term proposition. Governments interested in supporting biorefineries for reasons of environmental protection, energy security and innovation leadership need to support market growth, in order to trigger private sector investments.20 In the United States — at federal as well as at state-level — several programmes have been set up to stimulate the construction of new plants (producing biofuels and biobased products) and/or new biorefineries. The United States is currently evaluating the feasibility of bioenergy and biofuel tax policies, programmes and carbon legislation for other biobased chemicals and products. Recommendations • Authorities should develop support mechanisms for the construction of new bio-refineries (including grants, loans and tax incentives). • Authorities should ensure that biobased products are incentivised in existing and new climate change/carbon legislation. Need for an integrated and strategic approach According to the OECD,21 in order to achieve a competitive bioeconomy, broad approaches, such as creating and maintaining markets for environmentally sustainable products, funding basic and applied research, and investing in multi- purpose infrastructure and education will be necessary. In addition, these will need to be combined with shorter term policies such as the application of biotechnology for improving plant and animal varieties, improving access to technologies for use in a wider range of plants, fostering public dialogue and increasing support for the adoption and use of internationally accepted standards for life cycle analysis together with a range of other incentives designed to reward environmentally sustainable technologies. EuropaBio22 and the Biotechnology Industry Organisation23 in the United States, recently published policy guides setting out similar requirements, and called for a more integrated and strategic approach, with supportive policies in the areas of climate change, energy security, renewable feedstock supplies, research and innovation, the environment and trade. INDUSTRIAL BIOTECHNOLOGY AND CLIMATE CHANGE: OPPORTUNITIES AND CHALLENGES – © OECD 2011 27PDF Image | Industrial Biotechnology and Climate Change
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