Finland’s cleantech sector can double its turnover by 2020

Finnish cleantech know-how can contribute to saving the world and benefit from good business opportunities, according to ministers.

The turnover of Finland’s cleantech sector increased by 15% in 2012 compared to the previous year, reaching a total of EUR 25 billion. Speaking at the Green Growth & CleanTech Summit II held in Helsinki this week, Minister of Economic Affairs Jan Vapaavuori stated that the objective is to double the turnover of the sector by the year 2020. This is possible if the current growth rate continues.

Ville Niinistö, Minister of the Environment, noted that the global trend is to produce industrial products that solve environmental problems rather than minimizing the environmental emissions caused by industry. This trend presents opportunities for innovative Finnish companies. In 2012, Finland was ranked fourth globally in WWF’s index for cleantech innovativeness.

Potential cleantech super-power

According to Jyri Häkämies, CEO of the Confederation of Finnish Industries, Finland has emerged as a pioneer in clean technology and the efficient use of natural resources. The cold climate has always forced Finnish industry to be energy-efficient.

If Finland can also take command of other competitive factors, it has the potential to become a cleantech super-power, says Häkämies in an interview with Kauppalehti magazine. Managing the scarcity of natural resources and minimizing environmental problems provide good business opportunities for Finnish cleantech know-how.

Sources: Taloussanomat, Kauppalehti