Country:Finland
Year:2002
Policy status:Ended
Jurisdiction:National
Date Effective:2002
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Fiscal/financial incentives>Taxes
Energy Efficiency Policy Targets:Transport, Buildings, Building Type, Industrial, Energy Utilities
Renewable Energy Policy Targets:Multiple RE Sources, Power, Bioenergy, Geothermal, Heat, Geothermal, Power, Multiple RE Sources, Multiple RE Sources, CHP
Policy Sector:Electricity
Climate Change Policy Targets:Energy Sector, Electricity Generation, Fossil fuels (Coal, gas, oil), Energy Sector, Electricity Generation, Energy Sector, Electricity Generation, Renewable, Bioenergy
Agency:Ministry of Finance
URL:http://www.vm.fi
Energy Efficiency Description:

Parliament decided to raise all energy taxes by approximately 5% as of 1 January 2003. In keeping with the National Climate Strategy, the scope of energy tax subsidies in electricity generation was expanded to include electricity produced from recycled fuels and biogas. The subsidy for electricity produced from logging chips was also increased (EUR 0.069 per kWh). The calculation of taxable fuels in combined heat and power production was changed to provide an additional incentive for CHP.

Renewable Energy Description:

Parliament decided to raise all energy taxes by approximately 5% as of 1 January 2003. In keeping with the National Climate Strategy, the scope of energy tax subsidies in electricity generation was expanded to include electricity produced from recycled fuels and biogas. The subsidy for electricity produced from logging chips was also increased (EUR 0.069 per kWh). The calculation of taxable fuels in combined heat and power production was changed to provide an additional incentive for CHP.

Climate Change Description:

Parliament decided to raise all energy taxes by about 5% as of 1 January 2003. In keeping with the National Climate Strategy, the scope of energy tax subsidies in electricity generation was expanded to include electricity produced from recycled fuels and biogas. The subsidy for electricity produced from logging chips was also increased. The calculation of taxable fuels in combined heat and power production (CHP) was changed so as to favour CHP. In total, the changes in subsidies and CHP taxation reduce tax revenues by about EUR 18 million.

This record is superseded by:Tax subsidies for power production based on renewable energy sources

Last modified: Thu, 14 Mar 2013 12:29:10 CET