Country:Finland
Year:2008
Policy status:Ended
Jurisdiction:National
Date Effective:2008
Policy Type:Economic Instruments>Market-based instruments>GHG emissions trading
Policy Target:Framework/ Multi-sectoral Policy
Agency:Ministry of Employment and the Economy
URL:http://www.tem.fi/index.phtml?l=en&s=1017
Legal References:EU Directive 2003/87/EC
Description:

In a way this PAM is superseeded by the free allocation and auctions of emissions allowances in the period 2013-2020. As emissions trading is covered by the PAM "Emissions Trading Act", however, the status of this PAM has been marked as "unknown" and the text has not been updated.

The European Commission accepted Finlands National Allocation Plan for the EU Emissions Trading Scheme in June 2007. The plan allocates 36.7 MtCO2 equivalent per year to energy and industrial facilities, about 5% less than initially proposed by Finland. This represents a 17% reduction from the 2005-07 allocation (45.5 MtCO2) and approximately 22% below the estimated business-as-usual emissions from these facilities. The government is reserving 1.4 MtCO2 equivalent per year for new entrants to energy and industrial sectors. In general, industrial facilities are granted emissions equivalent to 86-91% of their emissions from 1998-2002. Co-generation facilities and peaking and reserve power plants are granted emissions equivalent to 77% and 86% of their emissions from 1998-2002 respectively. Normal condensing power plants are granted emissions equivalent to 31% of their 2000-03 emissions. Operators under the EU-ETS can rely on international project-based activities for a maximum of 10% of Finlands annual GHG emissions cap, equivalent to about 3.8 MtCO2 equivalent.

Last modified: Thu, 11 Jun 2015 10:44:55 CEST