Circular economy
Finns consume a disproportionate share of the planet’s natural resources. Consumption rates are four times higher than the planet's capacity for regeneration. Most materials flow through society and ultimately become waste. This material flow places stress on the environment at every stage, from resource extraction and manufacturing to waste management. Some raw materials are also becoming scarce
Circular economy as the solution
The challenges associated with material consumption find their remedy in the circular economy. In this model, the linear flow of materials is replaced by a system where materials and products are reused, extending their lifecycle. The circular economy ensures a sufficient supply of raw materials while reducing environmental damage.
Finland has embarked on the path to a circular economy, yet there is much work ahead. The increasing consumption of raw materials and growing waste volumes indicate slow progress. Currently, less than half of the municipal waste is recovered as material, while the majority is incinerated.
Nevertheless, the future looks promising. Society is increasingly adopting circular economy principles and refining its practices. Adjustments are being made to natural resource consumption, minimizing material loss. Waste recovery and recycling have already been intensified and will continue to improve. The circular economy rate of materials is expected to double by 2035.
