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Environmental economy

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Environmental economy includes the income, costs and investments primarily arising from environmental reasons. The information is presented for the parent organisation, meaning the City’s divisions, enterprises and departments. 

The environmental costs, including amortisations, totalled EUR 77.7 million (+2.4% from 2020). The environmental costs accounted for 1.5% of the City’s total operating costs, equalling EUR 118 per capita. The City’s largest expense items were the costs of the promotion of climate and environmentally friendly transport (26.6%) and sanitation and waste management (26%). 

Image 19. The City’s environmental costs were EUR 77,674,053 in 2021.

The environmental investments added up to EUR 210.4 million, which was 27.8% of the total capital expenditure of the City and EUR 319 per capita. The City’s environmental investments increased by 29.6% from the previous year, and the largest investments were related to the promotion of climate and environmentally friendly transport – including HKL’s investments in public transport (85.5%) – and the restoration of contaminated soil (7.3%). 

Image 20. The City’s environmental investments were EUR 210,368,239 in 2021.

The internal environmental income added up to some EUR 5.4 million (-5.8% from 2020.) The internal environmental income accounted for 0.4% of the total operating income of the City and was EUR 8 per capita. The most significant income was generated from city bikes (27.4%) and vehicle transfer fees in connection with street cleaning (23.3%). 

Image 21. The City’s environmental income was EUR 5,436,796 in 2021.

The value of environmental liabilities in the financial statements on 31 December 2021 was EUR 18.7 million. The liabilities concerned preparing for the restoration of old landfills and decontaminating soil.