In this scenario, major crises shake the world and the role of global agreement is growing in responding to challenges. Global climate policy instruments are being strengthened.
Technology giants and data use are regulated at international level. The importance of digital ethics is emphasised through crises.
Democratic contract society is strengthened and the popularity of representative democracy rises, especially in the Western world.
China's negotiating power in the world is decreasing as the country's economic precipitation and internal crises get worse. Europe survives its crises. After Brexit, the remaining Member States will intensify their ranks. The strong interdependence of the European Union will gradually lead to federal development. However, economic growth is still slow in Europe and the basic elements of capitalism and continuous economic growth are increasingly being assessed. Degrowth-thinking increases popularity.
Scenario
timeline
The crises shaking the world also have repercussions on Finland. Ecological crises bring large-scale migration to Europe and Finland. This leads to challenges related to integration but also alleviates the labor shortage that Finland suffers from.
Reforms move social security towards universal basic income.
By 2030, the EU's internal market and cooperation have grown stronger, creating opportunities for Finnish companies pursuing internationalization.
Economic and political governance change to support the shift to a low-carbon society.
POLITICAL CLIMATE
The political atmosphere has calmed by the end of the decade. Voter turnout in the elections to the European Parliament has risen radically. Anti-EU movements operate as a counterforce to liberal global movements, but most Finns feel very positive about the EU.
The increasing shift of power to the EU changes the role of regional policy. The emphasis on urban development causes friction between cities and rural environments.
REGULATORY ENVIRONMENT
The federalization of the EU moves decision-making concerning trade and industry further away. Especially regulation regarding resource- and energy-efficiency becomes stricter, and regulation is carried out at the EU level.
Ethical data use practices spread and are largely applicable in various industries in Finland. Transparent and safe data use creates opportunities for Finnish healthcare companies, among others, which can now employ the extensive Finnish health data library.
NATURAL RESOURCES
The regulation of forest use has major effects on the Finnish forest industry, which shifts towards a circular industry approach that combines forest resources and the concept of the circular economy.
LABOR MARKET
Labor market organizations become increasingly international. Discussions can be conducted at a European level and in some cases even globally. Growth is registered in the Finnish working age population, and the role of employment-oriented integration increases.
INTEREST GROUPS
Lobbies focus their activities increasingly on Europe and international institutions.
CAPITAL
National innovation and research funding is shifted to the EU, which has a direct impact on these activities in Finland. Most of the funding is allocated to solving the problems brought about by climate change and the number of long-term strategic projects increase.
COMPETENCE
Responsible management and use of data as well as collaboration and negotiation competence receive greater emphasis as workplace skills.
Observation skills become more important, as individual opportunities to influence are minor.
Scientific and research cooperation thrives. The number of cooperation projects has increased radically, and cooperation is also vital to Finnish universities.
Low-carbon circular economy becomes a subject taught at schools.
Implications for
key industries
Widespread SDG implementation is seen in companies because of international regulation as well as pressure from shareholders, investors and citizens.
International institutions assume an increasingly important role in the distribution of raw materials. Conflicts emerge between the mitigation of climate change and the industrial use of natural resources (e.g. certification processes and a prohibition against the complete harvesting of forests).
The food crisis leads to the end of cotton production as resources are reallocated to food production. Urban food production increases and diets change, following the introduction of environmental taxes on, for example, meat consumption.
Clean water emerges as a strategic natural resource and an advantage in negotiations.
Strict environmental and data regulations leads to slow decision-making and a recession in the economy. Degrowth lifestyles make necessity a virtue.
Owing to strict regulation, the development of energy and environmental technology is slow but steady.
Emission reduction measures and technological development are guided by increasing climate and environmental taxation as well as strict and ambitious political emission reduction targets. Regulation leads to inefficient and partially optimized markets, but on the other hand creates demand for solutions involving smart energy technology, low-carbon industrial products, energy storage and low-emission traffic as well as synthetic fuels. A genuine market also emerges for industrial water consumption solutions.
Strong public innovation funding maintains the European industry's capacity for renewal.
The emphasis on responsibility gives Europe a competitive edge. This attracts talent and investment to Europe.
Regulation increases confidence in the disclosure of health data. Thanks to this, the data available in Europe is of higher quality than in other regions. Europe creates a harmonized data policy that enables the secure cross-border transfer of health data. The EU establishes a shared databank.
The European Commission introduces stricter regulations on the use of data in the insurance industry with the aim of reducing the shift of responsibility to the individual and preventing insurance prices from spiralling to levels that people in risk groups cannot afford.
The role of the public sector and regulation in healthcare increases in several countries. Impact-based healthcare is introduced in many countries with an aging population.
Regulation guides consumption habits and sustainable consumption becomes mainstream. Crises have made many people accept a change in lifestyles and living standards.
Growth in the popularity of local services and locally produced commodities.
Pigouvian taxes (including a global carbon tax) guide consumption away from products that are harmful to the climate. Ethics and production conditions receive more attention than before, and operators perceived as unethical are widely boycotted. Ecological features become status symbols, and young consumers begin to favor experiences instead of physical goods.
The sustained zero growth of the economy supports the trend of local tourism. Following regulation, air travel declines, and growth is seen in overland travel.
Technological development and the use of data are regulated based on ethical criteria. Consensus on the importance of regulation has emerged following data leak scandals. Restrictions on the use of personal data are introduced regarding insurance decisions, for example.
The technology giants are broken up, creating opportunities for smaller operators and enabling new kinds of innovation. Regulation has created a more level playing field but also slowed down technological development.
The transparency of political decision-making increases in democratic countries following the invention of new forms of digital democracy. This leads to growing interest in political decision-making and higher voting activity in democratic countries.
Technological progress is not fast enough to make it possible to solve the climate crisis by technological means.
The significance of digital ecology increases when there are no longer enough resources for all of the services of the digitalized world (digital carbon footprint).