Environmental Issues Count in Technology Development in Finland

the eFinland Weblog

Helsinki, 23 March, 2006 — Finns have successfully utilized the countryís northern location and hard, cold conditions by developing advanced technological know-how. The shortage of natural resources has made Finns masters in developing environmentally friendly technologies.

Climate issues and the availability of energy resources will in future concern all countries. Using energy resources without sustainable technology solutions has harmful effects on the environment. Of all technology markets, the environmental technology market is predicted to show most significant growth. The global market for environmental technology already exceeds EUR 600 billion, and the sector is expected grow 5-8 per cent per year, considerably more than the traditional industrial sectors.

Financially sustainable development supports future success. Taking environmental issues into account is an essential part of the Finnish way of working.

Finland has several times been ranked first in the World Economic Forumís environmental comparison. Finlandís strengths are its water and air quality, its high level of science and technology and the efficiency of its environmental administration. The WEF comparison covered 146 countries in 2005. The comparison ranks countries on the basis of the Environmental Sustainability Index (ESI).

According to the World Bankís most recent evaluation, published in March 2006, Finland ranks high in national wealth. One of the contributing factors is the quality and quantity of forests in Finland. In net terms, Finland does not consume its forests.

In the near future, the growth in energy demand and the need to slow down climate change will further emphasize the importance of renewable energy resources. This trend is of primary importance to Finland because Finland is a pioneer in both utilizing bioenergy and developing bioenergy technology.

Forest Still a Success Factor for Finland

In the forest, energy and chemical industries the emphasis lies now and in the future on the overall utilization of bio raw materials as raw materials and energy, including liquid and gaseous fuels.

The 2005 Sustainability Report published by the Confederation of European Paper Industries (CEPI) shows that the paper industry is one of the most highly developed sectors in Europe in applying the principles of sustainable development. Examples of environmental, social and economic development mentioned in the report include commitment to sustainable forestry, work to prevent illegal logging, promoting recycling and the use of bioenergy.

For additional information see also:
- The CEPI Sustainability Report
- News on the WEF environmental comparison
- World Bank: Where is the wealth of nations Ė Measuring capital for the 21st century

More information
http://www.tekes.fi/WEF environmental comparison