Emissions Trading Directive
The Emissions Trading Directive (2003/87/EC) lays down the legislative framework for emissions trading. Among other things, it lays down provisions on the emissions cap for emissions trading. The Emissions Trading System (ETS) is divided into trading periods, and the Emissions Trading Directive is revised to match the emissions reduction target for each period.
The current target is that in 2030, the emissions from the ETS sectors should be 43% lower than in 2005. The aim is that the EU will achieve its overall emissions reduction target of 40% compared to 1990 levels by 2030.
The European Climate Law entered into force in 2021 and set the target of reducing emissions by at least 55% by 2030. In 2021, the Commission issued a package of climate and energy legislation, which includes measures to implement the 55% reduction target. As part of this package, the Commission proposed that emissions trading is strengthened and that the 2030 emissions reduction target is increased to 61%. Negotiations on the reform of the Emissions Trading Directive are ongoing.
The Emissions Trading Act (311/2011) implements the Emissions Trading Directive nationally.
Further information: eleonoora.eilitta(at)gov.fi, valtteri.harmala(at)gov.fi