hydrogen, low-carbon, energy, climate, strategy work
The National Climate and Energy Strategy outlines measures by which Finland will meet the EU's climate commitments for 2030 and achieve the targets set in the Climate Change Act for reducing greenhouse gas emissions by 60 per cent by 2030 and being carbon neutral by 2035. It is estimated that the share of renewable energy will rise above Finland's indicative minimum target presented in the EU's Fit for 55 Package by 2030. On the other hand, Finland will exceed the indicative final maximum energy consumption laid out in the Fit for 55 Package if the development proceeds according to the scenario calculations.
The strategy focuses on the green transition and the phasing-out of Russian fossil energy, which has become increasingly topical during spring 2022. With regard to heat production, the strategy focuses on promoting non-combustion-based heating. The electrification of the energy system and the use of system integration are vital topics, especially when it comes to sectors where reducing emissions is difficult. The strategy includes a national hydrogen strategy to promote the hydrogen economy and electrofuels and to set quantitative targets for hydrogen electrolysis capacity.
The emissions trading system and a predictable long-term climate and energy policy are key steering instruments of the strategy. The measures outlined in the strategy will improve the opportunities for companies to make long-term investments in advanced clean technologies.
During the preparation of the strategy, the impacts that the policies as a whole could have on the environment, gender, national economy and central government finances were assessed, as were social and regional impacts.