CIRCULAR ECONOMY

Photo: Business Finland

THE STORY

Finland created the world’s first National Road Map to a Circular Economy (2016–2025). According to estimates, the circular economy may contribute an annual added value of at least three billion euros to the Finnish economy by 2030. For Finland, a circular bioeconomy is a tool for achieving sustainable development, combatting climate change, saving natural resources, and improving the state of the environment, all while generating economic growth and jobs.

A developed nation of 5.5 million people is well suited to trying out new innovations; different partners are often in close proximity. Finland is now carrying out practical circular economy experiments that are providing benefits across all sectors of business and society. New, digitalised solutions are being tested for renewable energy, nutrient recycling, low-carbon timber construction, recycling of municipal waste and rehabilitation of contaminated land, to name a few.

The Finnish Innovation Fund Sitra won the public-sector category of The Circulars, awarded at the World Economic Forum in Davos, in 2018. One example is Smart & Clean Helsinki Metropolitan. Already, thousands of Finnish school and university students are learning about applying circular economy principles.

In addition to national initiatives, Finland is also developing the circular economy globally. The World Circular Economy Forum, a Sitra initiative, presents the world’s best circular economy solutions and brings together key circular economy thinkers and doers from around the globe. In 2018 it was held in Yokohama, Japan. In June 2019, it returns to Helsinki.

Finland offers solutions for a sustainable society.