💰 +60% Spend on Education in Finland. Recycling Costs Up 25%. Silicon Production Up 10%.
Chart of the Day #264 looks at Finland's Education Spend, Cost of Recycling in Japan, and Global Silicon Production.
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Today's Topics
💰 Education Expenditure. 60% rise in Finland's education spend
♻️ Recycling. >25% rise in cost of recycling in Japan
🏿 Semiconductors. Global silicon production rose 10% in 2021
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💰 60% Rise in Finland's Education Spend
Finland's education expenditure surged by 81% from €7.2B in 2000 to €13B in 2021, reflecting a commitment to quality education. Government initiatives focus on equitable access, vocational training, and digitalization, aiming to enhance employability and align educational outcomes with labor market needs. Recent budget allocations include €102M for free upper secondary education and €50M for vocational training, ensuring a responsive and sustainable education system for future generations.
♻️ >25% Rise in Cost of Recycling in Japan
The average recycling cost for plastic packaging in Japan rose 10% from ¥52 in 2014 to ¥58 in 2023, reflecting pressures on recycling infrastructure. In response, the government aims to reduce single-use plastics by 25% by 2030 and achieve an 85% recycling rate. Initiatives include the Plastic Resource Circulation Act, which mandates enhanced recycling efforts, and public education campaigns to improve waste separation, promoting a sustainable circular economy.
🏿 10% Rise in Global Silicon Production in 2021
Global silicon production increased by 21% from 7.29M tons in 2010 to 8.8M tons in 2022, peaking at 9.15M tons in 2021 due to rising demand in electronics and solar energy. However, a slight decline in 2022 suggests potential supply chain constraints. This trend aligns with government initiatives like the US Inflation Reduction Act and China's 14th Five-Year Plan, which promote renewable energy and domestic silicon production to enhance sustainability and energy independence.
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