Clean energy is one of the main themes of Prime Minister Petteri Orpo’s government program in Finland. The energy and climate policy actions for the coming years will be outlined in a comprehensive national strategy. The key objective is to establish a predictable and economically sustainable foundation for the significant investment efforts needed to advance both climate goals and our national economy.

On 12 October 2023, the Government submitted to Parliament its proposal for a new Emissions Trading Act and amendments to the Act on Biofuels, Bioliquids and Biomass Fuels. The current Emissions Trading Act and the Act on Aviation Emissions Trading would be repealed.

Between 2017 and 2022, companies and municipalities that have signed energy efficiency agreements introduced nearly 25,000 different energy efficiency measures. The measures saved 12.5 terawatt hours of energy, which corresponds to the annual energy use of 625,000 electrically heated single-family houses.

The implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM) will begin on 1 October. CBAM is a new kind of EU policy tool that imposes an emissions-based price on certain products from outside the EU equivalent to that imposed by the EU emissions trading scheme on similar products manufactured in the Union.

Finland submitted its draft update of the integrated National Energy and Climate Plan (NECP) to the European Commission on 30 June 2023. The energy and climate policy targets of Prime Minister Petteri Orpo’s Government Programme have been incorporated into Finland’s plan.