Ministries are looking for partners in a low-carbon circular economy agreement

The Ministry of the Environment and the Ministry of Employment and the Economy presented the process of preparing the agreement today, 18 February. Work is scheduled to begin in March and the agreement should be ready for signing in the summer of 2023. Ministries will invite representatives from various industries, , regions and municipalities to the discussions. can join by expressing their interest to the Department of the Environment during the spring of 2022.

Stakeholders will join the low carbon agreement by making their own commitments. In the commitment, they define their own objectives and measures to promote the transition to a circular economy as effectively as possible. They also undertake to monitor the implementation of their objectives and measures. Participating stakeholders will receive expert advice and support in assessing the impact of their own objectives.

“By joining the low carbon circular economy scenario and contract process, different sectors, companies, regions and municipalities will be among the pioneers. We are also ready to provide a wide range of support to partners to ensure that the most effective measures they choose are successful. solutions, “he says Juhani DamskiChief of Staff at the Ministry of the Environment.

To support the evaluation of the effectiveness of the objectives and measures, an analysis of material flows and scenarios in is prepared. The analysis of material flows provides information on the total consumption of natural resources in Finland. The parties to the agreement – municipalities, counties or sectors – have important information to offer on the current situation regarding the use of materials for analysis and research. The analysis is expected to be completed during 2022. Scenarios for the development of the material footprint and its effects on the environment and the economy will be completed by summer 2023.

“This is an excellent opportunity for different industries and companies in these as well as for municipalities and regions. Working with research institutes gives them unique sources of information and allows us to prepare for the future,” says Jyri SeppäläProfessor at the , who is leading the project.

The Environment Institute leads the preparation of scenarios for the analysis of material flows and the use of natural resources. Other organizations participating in the project are the Geological Survey of Finland, the Natural Resources Center of Finland, VTT and in interaction with the stakeholders involved in the process.

In the ’s Strategic Program for the Circular Economy adopted in 2021, the decision sets targets for reducing the consumption of non-renewable resources and doubling the of resources and the utilization rate of recycled materials (CMU). Measures to limit the use of natural resources are needed, as global consumption of natural resources is projected to double by 2060. This would mean a massive increase in CO2 emissions and an even more drastic loss of .

Source: Ministry of the Environment

Source: The Nordic Page

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