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Strengthening resilience: PIISA Project calls on insurance sector to address climate risks
Strengthening resilience: PIISA Project calls on insurance sector to address climate risks The three-year Piloting Innovative Insurance Solutions for Adaptation (PIISA) project concluded in May 2026. Among other topics, the project explored how the insurance sector can safeguard its business operations while accelerating climate change adaptation in the face of growing climate risks. The PIISA…
Read MoreThe energy system is changing rapidly – what does it mean for the sector’s circular economy?
The energy system is changing rapidly – what does it mean for the sector’s circular economy? The Finnish energy system has undergone a rapid transformation over the past decade, as fuel-intensive energy production has been replaced by material-intensive production, such as wind power, solar energy, and heat pumps. This shift is also reshaping the sector’s…
Read MoreFrom identifying climate risks to concrete preparedness measures: a new tool for businesses to adapt to climate change
Climate change affects business operations and value chains in many ways A warming climate poses a wide range of challenges for businesses. For example, increased rainfall and flooding can cause damage and incur costs for properties, equipment, and infrastructure. A lengthening growing season and shortening winter can also shift product demand and the timing of…
Read MoreClimate mitigation and adaptation are crucial for securing Finland’s climate resilience
Economic impacts of climate change might be significantly more severe than anticipated. According to a new study, the macroeconomic losses could be up to six times more severe than previously thought. Finland has so far avoided the worst economic impacts of climate change. However, these effects will also manifest in Finland in the long term. …
Read MoreEnhancing biodiversity through economic mechanisms
Ecosystem services provided by nature, such as purification of water and air, are vital for the societies and economies. However, biodiversity is declining, and urgent actions are needed to halt this trend. Economic incentives are also necessary to curb the loss of biodiversity and support its preservation. A recent study, conducted by Tyrsky and Pellervo…
Read MoreTyrsky’s new Managing Director is Pirjo Jantunen
Pirjo Jantunen, M.Sc. (Econ.), started as Tyrsky’s Managing Director in April 2024. Pirjo stepped over from Motiva Services Oy, a sustainable development consulting company, where she was responsible for business development. Pirjo is a multi-talented sustainability expert with extensive experience in sustainable business, accelerating the energy transition, and promoting corporate social responsibility and the circular…
Read MoreNordic collaboration on climate neutrality
The Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden) are all aiming at achieving climate neutrality before 2050, but this will be hard to achieve with the current pace of the green transition in the Nordic region. That is one of the key conclusions from the project “Nordic Stocktake and Visions – Pathways to…
Read MorePIISA project will develop new insurance concepts and products to increase climate adaptation
Adaptation to the changing climate and reducing climate risks are essential for all actors across society. At the moment, there is an adaptation gap, meaning that the level of implemented adaptation is insufficient to meet the adaptation targets. Insurance companies can help in filling the gap by encouraging insurance users to better prepare and adapt…
Read MoreThe 20th IBFRA conference gathered scientists in Helsinki to talk about sustainable forest management
The 20th International Boreal Forest Research Association’s (IBFRA) Conference was held on 28-31 August 2023 in Helsinki. The theme of the conference was climate resilient and sustainable forest management. The conference gathered together almost 300 participants from Europe, North America and Asia in Pikku-Finlandia Helsinki and about 200 online participants. There were about 130…
Read MoreA new WISER EWSA project focuses on improving weather services in Southern Africa
Natural hazard management in Southern Africa so far relies on conventional model based weather forecasts for one and two days ahead. Yet in tropical regions, the behaviour of weather systems is always uncertain. This means that in contrast to temperate regions, day-ahead warnings of bad weather in tropical areas are often highly unreliable. As a…
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