Finnish Industries Embrace Sustainability for Economic Growth
Key Ideas
- Over 200 Finnish companies sign the Finlandia Declaration to modernize industry and boost sustainable growth, aiming for carbon neutrality by 2035.
- Opportunities in clean energy, hydrogen industry, renewable biomaterials, AI, and digitalization are highlighted for future economic development.
- Key actions proposed include accelerating competition for clean products, promoting investments in the energy sector, and enhancing the hydrogen economy.
- The declaration emphasizes the importance of EU funding, carbon capture, creating industrial clusters, and ensuring raw material availability.
Over 200 major Finnish companies across technology, chemistry, forestry, and energy sectors have jointly presented Prime Minister Petteri Orpo with the Finlandia Declaration. This ambitious declaration outlines measures to modernize Finnish industry for sustainable growth and aims for carbon neutrality by 2035. The signatory companies express their commitment to building innovative solutions for the future. Finland's strong high-tech skills, processing industry, and clean energy potential position it uniquely for sustainable economic development. Areas like battery ecosystems, AI, renewable biomaterials, and the hydrogen industry are identified as promising for creating new business opportunities.
The declaration stresses the importance of accelerating competition for clean products, promoting investments in the energy industry, and advancing the hydrogen economy. Proposals include creating early global demand for new clean products, facilitating investments with grants and tax incentives, and ensuring sufficient clean electricity supply. It also highlights the need to develop a thriving hydrogen economy through investments and project implementation.
To strengthen competitiveness and attract investments, the declaration suggests actions such as bolstering investment in energy infrastructure, securing EU funding, promoting carbon capture and use, and ensuring raw material availability while focusing on sustainability. Additionally, it recommends creating industrial clusters, streamlining permits, and accelerating the hydrogen economy's development.
The diverse initiatives proposed in the declaration aim to pave the way for Finland's transition towards a more sustainable and economically vibrant future. Collaboration with other Nordic countries is emphasized to foster sustainable growth, create jobs, and ensure prosperity and welfare for the Finnish population, including future generations.
Topics
Investing
Renewable Energy
Clean Energy
Technology
Sustainability
Investment
Economic Growth
Jobs
Industry Modernization
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