Evaluation of the Implementation of Latvia's Bioeconomy Strategy for 2030 and Potential Solutions for Achieving Defined Objectives

Project description

The project aims to generate new scientific knowledge to comprehensively evaluate the economic and multidisciplinary impact of traditional bioeconomy sectors—agriculture, forestry, food, wood processing, and fisheries – within the framework of the Latvian Bioeconomy Strategy 2030 (LIBRA). The research focuses on assessing LIBRA's implementation and its contributions to strengthening Latvia’s economy, while providing innovative, science-based policy recommendations for interdisciplinary strategies to achieve growth and sustainability.

Key tasks include: (1) Critical Assessment: Evaluating the outcomes of LIBRA's implementation. (2) Economic Forecasting: Analyzing Latvia’s economic trajectory in line with LIBRA dynamics. (3) Case Analyses: Exploring topics such as biogas production from agricultural biomass, economic and ecological values of forests, EU CAP non-agricultural support impacts, structural needs of the blue bioeconomy, and the role of research and innovation in bioeconomy development. (4) Policy Recommendations: Developing actionable strategies for policymakers to drive economic growth and sustainability.

The findings will guide evidence-based decision-making to enhance Latvia’s bioeconomy.