1. Circular Economy

    The circular economy is a novel economic model in which the focus is on reusing materials and value, and on creating added value in products through services and smart solutions.

  2. Huge potential for growth

    According to a Sitra survey, a circular economy represents an opportunity for Finland worth 1.5 to 2.5 billion euros.


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      The  World Circular Economy Forum 2017 will bring together a large number of world economy reformers. The world is in serious need of...

      4 months ago
    2. Call for World Circular...

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      The marketplace of World Circular Economy Forum 2017 brings into the spotlight selected circular economy solutions around the world. Does your...

      4 months ago

A circular economy can be a 2.5 billion euro opportunity for Finland

Climate change and the depletion of natural resources are two of our most pressing global problems. We are living beyond our means. Waste can be reduced through a transition towards a circular economy. In such an economic system, material wastage and generation of waste are minimised. In a circular economy, the use of resources and materials will be enhanced, with raw materials retaining their value in the life cycle of resources. In practical terms, this may mean that a product must be designed so that its materials are separable and recyclable.

Tackling climate change and the preservation of natural resources has given rise to a global business area with a very fast growth rate. According to a survey conducted by Sitra, a circular economy represents an opportunity for Finland worth 1.5 to 2.5 billion euros. Despite its small size, Finland is in a good position to thrive in the face of global competition: factors such as a high education level, solid technological expertise and a strong reputation as a cleantech operator are fundamental to its success.

In a circular economy, the most important value potential does not lie in material flows or waste. Far more valuable than these are practices such as maintenance, reuse and remanufacturing of equipment. The starting point should be the optimisation of value circulation, not the prevention of waste generation; in other words, we should strive for a maximisation of the volume of waste put to reuse in the form of raw materials or as an energy source.

Finland has already come a long way towards putting in place circular economy practices in many sectors of the country’s economy. Some examples include: energy efficiency in the paper industry, bottle recycling, flea markets and efforts made by forest harvester manufacturer Ponsse in the development of product modularity.

However, much remains to be done: only 54 per cent of all waste in Finland is recycled or reused in any way, and, similarly, few innovative service concepts concerning the maintenance, reuse or remanufacturing of equipment have emerged. However, successful examples are available around the world that can be borrowed and localised, such as Interface, one of the largest carpet tile manufacturers in the world, which leases carpets to companies.  After having passed their service life, the carpets are returned to the factory to be used there as material for new carpets. Similar business models have been created by aviation engine manufacturer Rolls-Royce, elevator manufacturer Kone and engineering firm Kamppi which, instead of selling machinery, brings both the machinery and their trained operators to the worksite.

So what should Finland do? The main elements of Sitra’s operations include an ambitious vision and extensive co-operation, the other key players of which comprise businesses, municipalities and cities, households and public administration. When the goal is to enact an extensive systemic change, everyone needs to contribute. Information, operating models, removing administrative obstacles, business expertise, practical trials and piloting, and networks are of course required, as is the capacity to take responsibility, think innovatively, work with others and enthusiasm. Sitra contributes to a circular economy in Finland by developing the road map in collaboration with other players, devising business models for companies with an application in the circular economy and experimenting with operational models within administration with the intention of bringing in aspects that would motivate a transition to a circular economy.

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Blog Turning emissions into stone

The CarbFix project proves that carbon capture and storage is doable at an affordable price and within a fast time frame.

1 week ago by Oras Tynkkynen

Event High-level event on attractive climate solutions

How can the world scale up climate action in the current political landscape? How far can we go simply using existing low-carbon solutions? What role can Europe and Nordic countries play? These questions will be addressed at a high-level event organised by the Finnish Innovation Fund Sitra, the Norwegian Mission to the EU and the Nordic Council of Ministers. Our distinguished speakers will...

2 weeks ago by Oona Tiainen

Event Debat og lancering af Nordiske løsninger på globale udfordringer i København

Invitation til lancering og debat. Fem nordiske tænketanke og Nordisk Ministerråd står bag ny analyse som viser at 15 afprøvede nordiske løsninger kan reducere drivhusgasudledningen med 4 gigaton årligt hvis de bliver anvendt i andre dele af verdenen med lignende forudsætninger. Nordisk Energiforskning og det Internationale Energi Agentur (IEA) har endvidere fremlagt en analyse som anviser...

3 weeks ago by Oona Tiainen

Other site Video: Nordiska klimatlösningar som kan inspirera världen

The Nordic Council of Ministers together with Stockholm Environment Institute and Sitra arranged an inspiring breakfast seminar on 26 January in Stockholm. We presented the Nordic Green to Scale report in the event that also discussed what Sweden can do to live up to the ambiotions set by the Paris climate deal with president Trump in power. Nordiska ministerrådet och Stockholm Environment Institute välkomnar dig till ett inspirerande frukostseminarium på Kulturhuset där vi presenterar rapporten Green to Scale och diskuterar vad Sverige kan göra för att leva upp till Parisavtalets ambitioner med president Donald Trump vid makten.

1 month ago from site https:

Other site Video: Nordic Green to Scale in Iceland

Video streaming from the event Nordic Climate Solutions in Reykjavik, Iceland, on 18 January 2017. The event presented the results from the Nordic Green to Scale study in Iceland.

1 month ago from site https:

Event Nordiska klimatlösningar som kan inspirera världen

I ett inspirerande frukostseminarium på Kulturhuset i Stockholm diskuteras vad Sverige kan göra för att leva upp till Parisavtalets ambitioner med president Donald Trump vid makten.

1 month ago by Tuula Sjöstedt

Event Opið málþing – Norrænar loflagslausnir: Green to Scale

Á málþinginu verður fjallað um þær 15 árangursríkar norrænu loftlagslausnir sem draga úr losun gróðurhúsalofttegunda á heimsvísu. Auk þess verður kynnt stuttlega hvaða aðferðum tilteknir aðilar beita á Akureyri í sama tilgangi. Markmiðið er að læra af því sem gert er á Norðurlöndum í þessum efnum með þeirri von um að hugmyndir kvikni um það til hvaða...

1 month ago by Tuula Sjöstedt

Event Nordic Green To Scale i Stockholm

Resultat av Nordic Green to Scale rapportet publiceras i Sverige på seminariet om kommissionens senaste energi- och klimatpaket Ren energi för alla i Europa.

2 months ago

Event Nordic Green to Scale at Nordregio 2016

The Nordregio Forum 2016 gathers together over 150 innovators, researchers, policy-makers and practitioners from different organisations from all over the Nordic countries and elsewhere in Europe. This year's theme is the transition from a fossil to a bio-based and sustainable economy. In the session titled Regions as engines for green transition , Sitra's Senior Advisor Oras Tynkkynen ...

2 months ago by Tuula Sjöstedt

Publication Nordic green to scale

2015 was a year of commitments. From now on every year has to be a year of action. To achieve the goals set in the Paris agreement countries need to ramp up their climate efforts significantly. And we need to do it fast. The Finnish Innovation Fund Sitra has teamed up with the Nordic Council of Ministers and distinguished institutions from all other Nordic countries to answer a simple question:...

Oras Tynkkynen (ed.)

Publication Nordic green to scale

2015 was a year of commitments. From now on every year has to be a year of action. To achieve the goals set in the Paris agreement countries need to ramp up their climate efforts significantly. And we need to do it fast. The Finnish Innovation Fund Sitra has teamed up with the Nordic Council of Ministers and distinguished institutions from all other Nordic countries to answer a simple question:...

Oras Tynkkynen (ed.)

Publication Technical report

This technical report serves as a basis for the flagship report on the Nordic Green to Scale project. The project was led by the Finnish Innovation Fund Sitra, in cooperation with the Nordic Council of Ministers Climate and Air Pollution Group KoL, CICERO, CONCITO, the University of Iceland Institute for Sustainability Studies and the Stockholm Environment Institute. The technical report was...

Jan Ivar Korsbakken and Borgar Aamaas (CICERO)

Event Citizens' Role in Mitigating Climate Change and Reducing Green House Gases

Individual citizens play a significant role in reaching the targets set in the Paris climate agreement. But what can individual people do? How can they work out their carbon footprint? This session includes an introduction to the Citizen’s Pledge initiative as well as information on concrete tools and lifestyle choices that make the biggest impact. The event is organised by Sitra and Climate...

3 months ago by Liisa Poussa

Event Slush introducing smart & clean future

We are creating the future now. What will the future look like? How will we live, move around, eat and work? How and where will we produce food in the future? Innovators and pioneers are providing answers to the challenges of the future. Opportunities are emerging in many fields and the most agile forerunners are moving fast to capture the markets. Come and explore radical clean technologies...

3 months ago by Liisa Poussa

Article Blog: No election result changes this

Recent elections have led to a lively debate about the future of climate action. But climate solutions will continue to make progress.

3 months ago by Oras Tynkkynen

Publication Leading the cycle

Finland's circular economy road map describes the concrete actions that can accelerate the transfer to a competitive circular economy in Finland. The road map highlights best practices and pilots that can be easily replicated and provide added value on a national scale. In the road map tangible actions for growth, investments and exports are emphasised.

Other site Green Growth: Nordic Green to Scale shows potential of scaling up Nordic low-carbon solutions

The Nordic Green to Scale project has identified fifteen low-carbon solutions that have been successfully implemented in the Nordic region, and analysed their scalability and potential to reduce emissions if they were applied globally. The results will be released at the Nordic Pavilion at the COP 22 conference in Marrakech on 16 November. Read more in an article by the Green Growth webmagazine.

3 months ago from site nordicway.org

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