Finland Joins the EU in Supporting Climate Goal, but Sets Reservations on Targets and Implementation

EU Climate Goal for 2040: Kai Mykkänen Warns of Challenges Ahead

Finland has expressed its support for the EU Commission’s proposed net emission reduction target of 90 percent for the Union’s 2040 climate goal, with some reservations. While this target aims to reduce emissions from 1990 levels, it will require both emission reductions and carbon removal to achieve. Finland emphasizes the importance of meeting certain minimum requirements when implementing this target, including proceeding technology-neutrally and accepting nuclear power as well as creating effective incentives for technical carbon sequestration at the EU level.

At a recent EU Environmental Council meeting in Brussels, the first official discussion of the 2040 climate goal was held. However, many member states have not yet formed their positions on this target, making it a starting point for a long process of negotiations. Finland highlighted the importance of cost-effective emission reductions and taking into account uncertainties in the land use sector when implementing future legislation.

Finland recognizes that transitioning industries to green technologies is crucial for achieving emission reductions. This includes transitioning steel factories and refineries away from fossil fuels, which may depend on how pure hydrogen is defined. Additionally, recovering carbon dioxide in forest industry units is a significant issue as technical sinks play a vital role in achieving net reduction increases in carbon dioxide emissions. Finland views these technical sinks as essential especially if they aim to increase net reduction by more than five million tons of carbon dioxide emissions.

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