In energy policy the principal tasks of the Ministry of Economic Affairs and Employment are to develop the energy markets and the security of supply, promote renewable energy and energy efficiency, and regulate nuclear energy. The Ministry’s responsibilities also include implementing emissions trading and coordinating the national preparation and implementation of climate policy.
Energy and climate strategy »
Finland’s long-term goal is a carbon-neutral society. Approximately 80 per cent of greenhouse gases causing global warming result from the production and consumption of energy, including transport.
Electricity market »
There are approximately 75 electricity retailers in Finland. The electricity market also allows electricity consumers to practice small-scale electricity production and sell the energy on the market.
Natural gas market »
Natural gas accounts for approximately 7 per cent of the total energy consumption in Finland. Gas use is roughly divided in two between heat and power generation and final consumption in industry.
Emissions trading »
The aim of emissions trading is to maintain the carbon dioxide emissions of large industrial and energy production plants below the emission cap set for the whole EU emissions trading sector.
Renewable energy »
Finland is one of the world’s leading users of renewable sources of energy, especially bioenergy.
Energy efficiency »
The primary objective of increasing energy efficiency is the cost-effective reduction of greenhouse gas emissions.
Energy and investment aid »
Based on its assessment the Ministry of Economic Affairs and Employment can grant aid for innovative energy projects. Energy aid is granted för investments and studies
Nuclear energy »
More than a quarter of the electricity consumed in Finland is produced with nuclear energy.
Security of energy supply »
In Finland, the security of energy supply is based on the country’s decentralised, diversified and efficient energy production.
International and EU cooperation in the energy sector »
International cooperation in the energy sector has been undertaken via various forums for a long time and diverse global issues have only increased the need for such collaboration.