In 2016, Finland decided to phase out the use of coal by 2030. But the Finnish Government decided to terminate the use of coal for electricity a year earlier – by 2029.
To motivate energy companies and stop using coal in 2025. The Government will allocate 90 million euro of subsidies. They can be used for developing of renewables.
A half of investments have to be directed on renewable cogeneration (heat and electricity) and the second half – on funding of other alternative technologies.
“To mitigate climate change, greenhouse gas emissions should be reduced much earlier than previously planned”, Environment Minister Kimmo Tiilikainen says.
Finnish power engineers were not happy about such an initiative of the Government. The Head of the Finnish Energy company warns that an accelerated exit from coal will be associated with additional state expenditures and will not improve the state of the climate.