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Finland

Political Groups
OECD, EU
Global Climate Risk Index
97.83
Targets
World Bank Income Group
High income
Share of Global Emissions
0.12%

Documents

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Emissions Trading Act (No. 1270 of 2023)
2023Legislative

This Act aims to promote a cost-effective and economical reduction of greenhouse gas emissions from facilities, maritime transport, and the aviation sector including the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) system. Additionally, this law mandates reporting emissions data within the emissions trading system for the construction and road...

Act on the state-owned limited company climate Fund Ltd (No. 173 of 2023)
2023Legislative

The Law establishes Ilmastorahasto Oy, a state-owned limited company that focuses on capital investment and other financial activities aimed at combating climate change. Its objective is to promote the acceleration of low-carbon industries and digitalisation in Finland through government-backed or guaranteed funding.

Finland. Biennial Reports (BR). BR 5.
2022UNFCCC

Finland. Biennial Reports (BR). BR 5., Biennial Report from Finland in 2022

Legislative Process

Finland is a parliamentary democracy where executive power is exercised by the president and the council of state (the Cabinet headed by the Prime Minister) which must enjoy the confidence of the Parliament. The President of the Republic is elected for a six-year term. The Prime Minister is elected by the members of the parliament and appointed by the President. Independent courts, the Supreme Court and the Supreme Administrative Court exercise judicial powers.

The Parliament is unicameral and consists of two hundred Members of Parliament (MPs). MPs are elected in direct, proportional and secret ballot for a term of four years. The last general election was held in April 2015. The next is expected to take place in 2019. Parliament enacts all legislation, approves the state budget, ratifies international treaties and oversees the Government. Legislation is enacted according to the Constitution and the procedure of the Parliament.

Government bills or Members’ initiatives begin with a preliminary debate in the plenary session, after which the bill is submitted to a committee. Following the committee process, a bill returns to the plenary session where it is dealt with in two readings. In the first reading the content of the bill is decided section by section. In the second reading the bill is either approved or rejected. Once the President ratifies it, an Act is published in the Statutes of Finland.