Country:Finland
Year:2008
Policy status:In Force
Jurisdiction:International
Date Effective:2008
Policy Type:Economic Instruments>Market-based instruments>GHG emissions trading, Economic Instruments>Direct investment
Policy Target:Framework/ Multi-sectoral Policy
Agency:Ministry of Employment and the Economy
Description:

The strategy of the purchase programme for the Kyoto Protocol`s first commitment period (2008-2012) was approved in February 2008. The State purchase programme for Kyoto Protocol`s second commitment period (2013-2020) was approved in November 2008 by the same ministerial working group. The overall budget for the procurement of project units from the Kyoto mechanisms for both CP1 and CP2 is approximately 70 million euros. Approximately 20 million euros were invested already in CDM/JI pilot programme, which operated from 1999 until early 2006. The rest have been allocated in years 2005-2012.

Finland committed about 12.2 million Euros through 10 bilateral projects for the purchase of project units during the first commitment period of the Kyoto Protocol. Two of these projects continue in CP2. Beside these bilateral projects, Finland invested in multilateral funds.

No decision on the use of Kyoto mechanisms for compliance purposes in CP2 of the Kyoto Protocol has been made. Finland’s Kyoto mechanism purchase program covers the period 2006-2020. In the first Kyoto commitment period Finland procured approximately 6 Mt of project units. These will be carried over to CP2. The Kyoto mechanisms purchase program will continue to deliver project units during CP2 through existing investments in carbon funds and two bilateral CDM projects. These are expected to deliver about 4 Mt of project units during CP2.

Last modified: Thu, 11 Jun 2015 10:49:34 CEST