Finland Backs EU’s 90% Emission Reduction Target, But Has Reservations on Key Instruments and Technologies

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

Finland has expressed support for the EU Commission’s proposed net emission reduction target of 90 percent for the Union’s 2040 climate goal. However, they have certain reservations and are adamant that key instruments used to implement it must meet their minimum requirements. This includes proceeding technology-neutrally and accepting nuclear power, as well as creating effective incentives for technical carbon sequestration at the EU level.

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

Finland recognizes that the transition of the industry 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, the recovery of 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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