State of the Nordic Region 2020

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State of the Nordic Region 2020 gives you a unique look behind the scenes of the world's most integrated region, comprised of Denmark, Finland, Iceland, Norway and Sweden, along with the Faroe Islands, Greenland and Åland. The report presents a series of facts and figures showing the current state of play within core socioeconomic sectors, including demography, labour market and economy. In addition, you can read about wellbeing and energy pathways towards a carbon neutral Nordic Region. State of the Nordic Region 2020 is published by the Nordic Council of Ministers and produced by Nordregio, an international research center for regional development and planning established by the Nordic Council of Ministers.



The Biobased Circular Economy: employment and other outcomes

The bioeconomy is all-encompassing and comprises those parts of the economy that make responsible use of renewable biological resources from the land and water for the mutual benefit of business, society and nature (Nordic Council of Ministers, 2017). The bioeconomy is a central part of the circular economy, which aims to retain deployed resources in the economy for as long as possible, so reducing waste to a minimum and maximising local added value. It therefore offers the possibility of new and more environmentally friendly growth opportunities in all fields and requires the rethinking of value chains, ecosystems and business models (Annala & Teräs, 2017).


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