Circular Economy

Hands stretching wool-like raw material for repurposing

Photo: Mikko Raskinen

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 energynutrient recyclinglow-carbon timber constructionrecycling 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.

Finland offers solutions for a sustainable society.