Finland Supports EU’s Net Emission Reduction Target, with Reservations on Key Instruments and Technical Carbon Sequestration

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

Finland has expressed support for the EU Commission’s proposed 90% net emission reduction target for the Union’s 2040 climate goal, with certain reservations. This target is aimed at reducing emissions from 1990 levels and will require both emission reductions and carbon removal to achieve. However, Finland emphasizes that key instruments used to implement this target 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.

Finland recognizes the importance of cost-effective emission reductions and taking into account uncertainties in the land use sector when implementing future legislation. The EU’s Environmental Council meeting in Brussels marked the first official discussion of the 2040 climate goal, which many member states have not yet formed their positions on.

The transition of the industry to green technologies is crucial for achieving emission reductions. Finland emphasizes that this includes transitioning steel factories and refineries away from fossil fuels, which may depend on how pure hydrogen is defined. Additionally, 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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