Finland’s recovery and resilience plan

Laws and Policies

CCLW

CCLW national policies

European Commission page on Finland's recovery and resilience plan

Proposal for Council implementing decision on the approval of the assessment of the recovery and resilience plan for Finland

Released

<div>To benefit from the support of the Recovery and Resilience Facility set up by the EU in the aftermath of the COVID-19-induced economic crisis, Member States submit their recovery and resilience plans to the European Commission. Each plan sets out the reforms and investments to be implemented by end-2026 and Member States can receive financing up to a previously agreed allocation. Each plan should effectively address challenges identified in the European Semester, particularly the country-specific recommendations of 2019 and 2020 adopted by the Council. It should also advance the green and digital transitions and make Member States’ economies and societies more resilient. The Commission validates the plan after which it effectively enters in force and EU subsidies can start flowing towards the member state. Finland's RRP EC page does not show whether a council implementing decision was passed. The European Commission has given a positive assessment to Finland’s recovery and resilience plan, consisting of €2.1 billion in grants. 50% of the plan’s total allocation for reforms and investments supports climate objectives, including:</div><ul><li>Decarbonisation of the energy sector: investing in energy transmission and distribution and in new energy technologies. €319 million</li><li>Low-carbon hydrogen: investments along the hydrogen value chain as well as in carbon capture, storage and recovery. €156 million</li><li>Low-carbon heating of buildings: replacing oil boilers with low- or zero-carbon heating systems. €70 million</li><li>Green transport: supporting private and public charging points for electric cars, gas charging and refuelling infrastructure. €40 million</li></ul>