The Decarbonized Cities Program launched by Business Finland on April 18, 2023 aims to make Finland a globally recognized provider of sustainable, carbon-neutral solutions for cities. The program helps Finnish companies and organizations to find international cooperation and business partners. New exports are estimated to amount to several billion euros.
Smart solutions and sustainability principles drive global urban development
Urban development has a significant impact on climate change: cities consume 78% of the world’s energy and account for more than 60% of greenhouse gas emissions. In the near future, more than two-thirds of the world’s population will live in cities. The largest challenges in urban environments are related to the built environment, energy, and traffic. From the point of view of the cities of the future, the utilization of digitalization and data as well as new business models have great potential.
Most major cities in Europe and in many other OECD countries have set a challenging goal to become carbon neutral by 2030 or 2035. The EU has selected 100 cities to implement the EU’s Climate-Neutral and Smart Cities mission. Six of these are located in Finland: Espoo, Helsinki, Lahti, Lappeenranta, Tampere, and Turku. The goal of the mission is to achieve climate neutrality by 2030 through developing smart and sustainable solutions.
Decarbonized Cities Program In a Nutshell
- The aim is to help Finnish companies and other stakeholders to create new business and networks by solving urban carbon-neutrality issues.
- The program will increase and strengthen the multisectoral supply and expertise that cities need to manage their CO2 emissions and energy transition today and tomorrow.
- Long-term relationships with foreign cities are established in terms of both innovation and business.
- New Finnish exports will amount to EUR 3 billion.
- The program will involve close collaboration with selected domestic and foreign cities, large and small companies, researchers, and other stakeholders.
- The program will focus on comprehensive solutions instead of partial solutions.
- EUR 150 million will be allocated to the development and modification of solutions.
- The program will run until 2028.
Read more on The program’s website
The picture is from the program’s website on the subject