From Policy to Practice Actionable Recommendations for a Commercial Bioeconomy 2025

Page 19 of 39 · WEF_From_Policy_to_Practice_Actionable_Recommendations_for_a_Commercial_Bioeconomy_2025.pdf

Summarizing framework recommendations on government-driven incentives What we’re striving for: a future where government-led incentives spearhead a commercial shift increasingly fuelled by commercial bio-innovation Incentives are key to shaping demand, influencing consumer behaviour, investment and market dynamics. By lowering adoption barriers and aligning market actions with policy goals, they help create the conditions for market transformation. To unlock this potential, governments can support a phased transition from traditional to bio-based industries, gradually rebalancing subsidies, investing in reskilling and upgrading legacy manufacturing for bioproduction. This approach reduces disruption and strengthens economic resilience. A well-designed mix of financial, regulatory and behavioural incentives such as tax and consumer credits, subsidies and supply chain support, can drive private sector adoption and build early market momentum. Incentives are not permanent solutions but strategic, time-bound tools that help innovations scale and become cost-competitive. Ultimately, targeted incentives enhance the competitiveness of bio-based products, support a sustainable economic transition and position bio- innovation for lasting commercial success. 19 From Policy to Practice: Actionable Recommendations for a Commercial Bioeconomy
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