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  • Finland Updated Final National Energy and Climate Plan (NECP). 2021-2030

Finland Updated Final National Energy and Climate Plan (NECP). 2021-2030

Geography
Year
2024
Document Type
Policy

Summary

The National Energy and Climate Plan (NECP) is a ten-year integrated document mandated by the European Union to each of its member states in order for the EU to meet its overall greenhouse gases emissions targets. Following feedback from an EU-wide assessment of draft NECP submissions, EU members are required to submit updated final NECPs for the period 2021-2030. The Energy and Climate Plan addresses all five dimensions of the EU Energy Union: decarbonisation, energy efficiency, energy security, internal energy markets and research, innovation and competitiveness.

The plain aims : 1) to reduce GHG emissions in the non-emissions trading sector; 2) to increase the share of renewable energy in the final energy use of road transport; 3) to promote energy efficiency. The plan outlines the impact of existing policy measures on the projected evolution of greenhouse gas emissions, renewable energy and energy efficiency up to 2040. It describes the effects of the planned policy measures on the energy system, greenhouse gas emissions and sinks, economic development, the environment and public health. Specific targets include a 62% renewable share of gross final energy consumption by 2030.

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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance

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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.