Analysis of the regional economic impacts of the peat industry to support JTF preparation
Pellervo Economic Research PTT updated the regional economic impacts of the peat industry based on the latest 2020 statistical data. The study serves as a material for the counties' just transition plans guiding the use of JTF funding. The counties' transition plans are currently being reviewed by the European Commission. The European Commission's feedback on the plans is expected in spring 2022. The study determined the direct and indirect regional economic impacts of the peat industry by region and sub-regional unit with 2020 data, measured by gross and added value of production and employment. In 2020, the gross value of production in the peat industry was EUR 391 million and employment was 1200 person-years. In the entire production chain, the industry employed 2,200 person-years. The peat industry is particularly concentrated in three provinces: North Ostrobothnia, South Ostrobothnia and Central Finland. The gross value of production in the peat industry in North Ostrobothnia was EUR 71.3 million and employment was 256 person-years. Throughout the production chain, the industry employed 461 man-years. The study is a continuation of PTT's research on the regional economic impacts of the peat sector, published in 2021. In addition to the Regional Council of Northern Ostrobothnia, the following regional federations act as commissioners of the study: Regional Council of Lapland, Regional Council of Kainuu, Regional Council of North Savo, Regional Council of Central Finland, Regional Council of South Ostrobothnia, Regional Council of Ostrobothnia, Regional Council of Pirkanmaa, Regional Council of North Karelia, Regional Council of Satakunta and Regional Council of Kymenlaakso. PTT slide series: Regional economy of peat industry in 2020 Additional information: Päivi Keisanen, Development Manager, tel. +358 50 431 0605
