Statement from the Hannover Symposium organized by
Volkswagen Foundation
and the International Advisory Council for Global Bioeconomy (IACGB)
August 2023

One Planet – Bioeconomy Solutions for Global Challenges

To deal successfully with the global crisis affecting the planet the current economic models based on the fossil economy need to be substantially transformed as soon as possible. We are on the brink of a new era that offers related solutions for society and economy, recognizing the planet as home for all human beings alongside animals, plants and microorganisms, respecting and preserving (or re-establishing) their habitats.

Bioeconomy, is a key solution enabling a transformed fossil-free, sustainable, regenerative and circular global economy. Technologies and social innovations are significant drivers of the bioeconomy which relies on bioresources and science, while building on the responsible use of nature’s tools and services. Local and global adoption of the bioeconomy is necessary to enable achievement of the United Nations Sustainable Development Goals.

This statement developed by the IACGB, results from an international workshop supported by the Volkswagen Foundation held in Hannover, Germany, June 26-27, 2023, and builds upon previous Communiqués of the Global Bioeconomy Summits (GBS) in 2020, 2018 and 2015 (

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