The economic value and Sitra Studies opportunities of nutrient 104 cycling for Finland Maija Aho, Tiina Pursula, Mari Saario, Tea Miller, Anna Kumpulainen, Minna Päällysaho, Venla Kontiokari, Miikka Autio, Anna Hillgren, Laura Descombes, Gaia Consulting October 2015 © Sitra 2015 Sitra Studies 104 ISBN 978-951-563-944-8 (PDF) www.sitra.fi ISSN 1796-7112 (PDF) www.sitra.fi Enquiries about the publication:
[email protected] Photos: Joanna Moorhouse Sitra Studies is a Publication Series which focuses on the conclusions and outcomes of Sitra’s future- oriented work. Foreword THE CIRCULAR ECONOMY HAS RECENTLY BECOME A KEY On the basis of these surveys, Sitra, the Baltic Sea Ac- ISSUE IN Finland. In many cases, the focus is on waste recycling, tion Group and Lappeenranta University of Technolo- despite the greater potential value to be found in sustainable gy propose three goals in boosting Finland's economic manufacturing, the reuse and remanufacturing of products and growth and the status of the Baltic Sea: materials, and maintenance. In a circular economy, materials • By 2020, 10% of manure from Finland will be pro- and value would circulate within society while, say, services and cessed into precision fertilisers. Finland will invest in intelligent solutions added value to products. The objective is developing nutrient recovery technologies. to reduce waste and create a system with zero loss of material. • By 2023, 100% of biowaste will be recovered and According to the Sitra and McKinsey study “The opportu- recycled. nities of a circular economy for Finland” (2015), conservative • By 2035, municipal wastewater treatment processes estimates put the value creation potential of Finland's circu- will be modified to recycle and recover nitrogen and lar economy at EUR 1.5–2.5 billion in five investigated sec- carbon in addition to phosphorus.