Topic

Economy

Commentary

How to introduce a wellbeing economy model

Finland pioneered a governance model for the wellbeing economy, integrating social and planetary wellbeing. Its approach involves broad stakeholder involvement and political prioritization. To implement it elsewhere, countries must tailor localized governance models. Finland’s experience highlights the importance of holistic, multi-stakeholder approaches and integrating ecological goals into policy frameworks.

Humble Timber: The results

The Humble Timber alliance, a 9-actor collaboration in Finland, identified key barriers to timber construction, proposed solutions, and delegated responsibilities to accelerate carbon-neutral building. By fostering cross-sector cooperation, they addressed demand, supply, governance, and skills challenges, aiming to scale timber use in construction and promote sustainable urban development.

Humble Timber: Building towards a carbon-neutral future

Timber buildings offer a sustainable solution to decarbonizing construction. The Humble Timber alliance, led by Demos Helsinki, brings together key stakeholders in Finland’s building industry to address challenges in transitioning to carbon-neutral construction. By fostering collaboration and identifying shared goals, the alliance aims to overcome barriers like the supply-demand dilemma and promote timber as a competitive and sustainable building material for the future.

What is new economic thinking?

New Economic Thinking (NET) aims to design an economy fit for the 21st century, challenging neoliberalism and exploring alternative models such as green, feminist, and solidarity economics. NET promotes policies that serve both people and the planet. It fosters collaboration and offers tools for building fairer, more sustainable economies.

New economic thinking in the UK — A curious paradox

While the UK has long been a stronghold of neoliberal economics, it has also become a hub for new economic thinking. Despite emerging collaborations among actors, challenges remain due to limited resources and differing priorities. However, with growing connections and efforts to overcome these tensions, systemic economic transformation is gaining momentum.

New economic thinking in Finland — Action on the fringes 

Finland’s intellectual and policy landscape remains dominated by neoliberalism, with limited space for alternative economic thinking. While few independent new economic actors exist, institutions like universities, labour unions, and political parties are home to new economic thinkers. Despite resistance, shifts in public discourse, such as debates around Finland’s budgetary frame, suggest opportunities for change and the growth of alternative economic narratives.

Publications

Towards an inclusive sufficiency narrative

In this Editorial, we tackle perhaps the most urgent issue of our time – the need to orient lives more towards sufficiency. Achieving such a transformation also requires a parallel paradigm shift in science. In this Editorial, we have two guest authors, Teemu Koskimäki and Aleksi Neuvonen, who are members of the SISU Consortium doing research on sufficiency transition in Finland.

Trade-offs in expanding citizen participation in low-carbon transitions : Seven transition arena experiments

Amid the complex and persistent challenges of sustainability transitions, experimental governance has emerged as a way to foster reflexivity, learning, and policy innovation through diverse participatory practices. This paper examines the role of transition arena methodologies in expanding and deepening civic engagement in low-carbon transitions, specifically through seven experimental processes focused on “climate-wise housing” in Finland in 2023. These experiments combined digital and in-person facilitation in an attempt to involve citizens in co-producing actionable insights on climate-smart behaviors, building renovations, and renewable energy adoption, hitherto directing the envisioned transition. The research explores three “avenues” of widening participation in transition arenas, namely expanding, complementing, and opening such arenas to explore questions regarding the potential and limitations of widening transition arena participation and the impact of such breadth on the depth of citizen engagement. Findings highlight trade-offs between different scopes and modes of citizen participation and reveal how participatory processes shape public engagement and policy responsiveness. By suggesting four implications on designing and implementing citizen engagement processes, the study contributes to a nuanced understanding of participation in transition governance and its implications for sustainability transformations.

Doomed to Grow?

The report provides insights into how the dominant ways of thinking about growth have taken shape and become entrenched: What has changed over the decades? And what might the future look like? Finnish discourse is also placed in the broader context of international societal and scientific debates, as well as global shifts in the operating environment.

Projects

Using economic instruments for sustainable behaviour change

Even though economic instruments for sustainability purposes have long been implemented in the national policies across the Nordics, their effectiveness remains understudied. This project evaluates the effectiveness of environmental taxes and charges in shifting behaviours of consumers and producers towards a more sustainable direction in the Nordic countries.

MERGE: Building economic policies beyond GDP

Despite being an established indicator of economic growth, GDP is debated to overlook the true essence of citizens’ quality of life and overall wellbeing. This project aims to improve knowledge on indicators beyond GDP, alternative and more sustainable policy options, and scenarios for a sustainable future.

Navigating impactful R&I policy and technology neutrality

As technological breakthroughs can play a critical role in addressing societal challenges, research & innovation (R&I) policy needs to shift the focus from merely appreciating the inherent value of technology development to exploring how they can be harnessed for achieving key societal goals. This project aims to produce a knowledge base to ensure Finland’s R&I policy is strategically impactful while remaining supportive of emerging technologies.

People

Themes