Sustainable growth agenda / Pillar 3 / Research & innovation

Country / jurisdiction: Finland · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The European Commission has approved Finland's recovery plan on October 4th, 2021.

Within the third pillar of the plan is the Research and Development (R&D) sub-area. The investments will be directed to R&D projects focusing on the priorities set by the first pillar of the plan (green transition):

- New uses for low-carbon hydrogen (i.e. Power-to-X)

- Electrification and digitalization of processes and machines

- Materials technologies (including reuse and recycling)

- Carbon capture and storage/recovery (CCS/CCU)

- Clean energy solutions

- Increasing the value added of bio-based products (i.e. wood construction)

The investment packages are the following:

- R&D funding promoting the green transition: EUR 192 million

- Research and innovation infrastructure in support of sustainable growth and digitalization structures: EUR 75 million

Official source: https://julkaisut.valtioneuvosto.fi/bitstream/handle/10024/162935/VN_2021_22.pdf?sequence=1&isAllowed=y