Finland supports value chains in sustainable forestry, mining and circular economy in developing countries

Finland supports value chains in sustainable forestry, mining and circular economy in developing countries

Finland supports the United Nations Industrial Development Organization (UNIDO) by EUR 3.6 million between 2021 and 2023 to develop value chains in sustainable forestry, mining and circular economy and to create jobs in developing countries. The project also includes a section strengthening the position of women and promoting gender equality in the work of UNIDO. The agreement was signed in Vienna on 8 September.

Minister for Development Cooperation and Foreign Trade Ville Skinnari stresses Finland's commitment to supporting the economic development of developing countries in an environmentally sustainable manner that mitigates climate change. “The circular economy is a topical solution to this challenge. Funding for UNIDO promotes the gradual transition of developing countries to the circular economy,” Minister Skinnari says. Finland was the first country in the world to draw up its own circular economy action plan five years ago. The Government has set the goal of making Finland a carbon neutral country by 2035. “Cooperation with UNIDO offers opportunities for Finnish companies and other actors,” Minister Skinnari encourages.

UNIDO promotes inclusive and sustainable industrial development for developing countries. It supports both the private and public sectors in developing countries in order to promote their broad-based prosperity and competitiveness. As UNIDO supports societal reforms and private sector measures that are favourable to the environment, climate and low-carbon development it cooperates extensively with companies, business subsidy organisations and research institutes.

Inquiries:

Mika Vehnämäki, Commercial Counsellor, tel. +358 40 739 3814

The email addresses of the Ministry for Foreign Affairs are in the format [email protected]