INTIEAFinland · Sustainable growth agenda / Pillar 1/ 1- The framework of the energy systemPolicyIn force

Sustainable growth agenda / Pillar 1/ 1- The framework of the energy system

The Finnish Sustainable Growth Programme supports ecologically, socially, and economically sustainable growth and to meet its target of carbon neutrality by 2035.    Within the first pillar of the plan, this sub-area is composed of the following measures:  - Reform to ban the…

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Country / jurisdiction: Finland · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The Finnish Sustainable Growth Programme supports ecologically, socially, and economically sustainable growth and to meet its target of carbon neutrality by 2035.

Within the first pillar of the plan, this sub-area is composed of the following measures:

- Reform to ban the coal energy use by 2029: electricity and heat production should be emission-free by 2030. The coal phase-out will help to achieve this goal.

- Reform of energy taxation to reduce industrial emissions and create incentives for innovation.

- Investments for energy infrastructure: transmission and distribution, energy efficiency of heating infrastructure, inclusion of wind power, innovative technologies and low-carbon gases & hydrogen (EUR 155 million).

- Investments for the introduction of new energy technologies such as offshore wind power, large-scale solar energy, biogas, renewable fuels for transport, geothermal energy and heat recovery (EUR 155 million).

The target is a total annual emission reduction of 2 Mt CO2eq. by 2026. In addition, the aim is to enable emission reductions from other sectors of the economy through sectoral integration.

Official source: https://julkaisut.valtioneuvosto.fi/bitstream/handle/10024/162935/VN_2021_22.pdf?sequence=1&isAllowed=y

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