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Business Finland invests in high-tech batteries
Climate change has created huge global demand for sustainable battery technologies and services as countries set targets for reducing their CO2 emissions. Finland is the only country in the world that can manage the whole battery value chain from minerals to recycling and thus plays an important role in the global shift towards electrification.
The role of batteries has become inevitably important in the increasingly electrifying world. This has resulted in the emergence of battery ecosystems and value chains, such as the European one, aiming to respond to the constantly growing demand.
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Minister of Economic Affairs
Mika Lintilä (Cen) has stated that the government will reimburse event industry firms for cancellations caused by coronavirus restrictions. If an event is cancelled due to a decree by the state, it would be possible to recover part of the costs incurred, Lintilä said.
The coronavirus pandemic has had a devastating effect on the events industry in Finland, with overall turnover falling from about 2.35 billion euros in 2019 to net sales of just a few hundred million euros last year.
Lintilä said that the industry has been positive about the new plans for state support. A number of different organisations have indicated their willingness to be involved in the preparation, and the industry will also be consulted openly, he said, adding that the budgeting for the event guarantee will be at least tens of millions of euros .
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