INTIEAFinland · Public support for coal phase-out projectsPolicyIn force

Public support for coal phase-out projects

The Ministry of Economic Affairs and Employment has granted more than EUR 7 million to four projects for their use of new technologies to phase out coal use and non-combustion-based technologies in district heating. Energy companies that phase out the use of coal by 2025 receive…

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Country / jurisdiction: Finland · Year: 2020 · Status: In force · Level: National · Type: Voluntary

The Ministry of Economic Affairs and Employment has granted more than EUR 7 million to four projects for their use of new technologies to phase out coal use and non-combustion-based technologies in district heating. Energy companies that phase out the use of coal by 2025 receive incentives to fund investments in replacement energy sources. The aid mainly covered projects replacing coal use in energy production, including coal-fired boilers. Finland has also adopted legislation prohibiting the use of coal in energy production from 1 May 2029. Up to EUR 90 million has been reserved for this investment aid.

Official source: https://tem.fi/en/-/eur-7.7-million-for-projects-replacing-coal-energy-aid-for-non-combustion-based-solutions-in-district-heat-generation

Source

https://www.iea.org/policies/12607

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