Sitra: Finland can halve its emissions with cost-neutral and cost-positive measures

Finland has the financial and technological capability to reduce its emissions by 60 per cent by 2030, indicates a study conducted by McKinsey and the Finnish Innovation Fund (Sitra).

Sitra on Monday reported that the country can reduce its emissions by almost 50 per cent with measures that generate no additional costs, or even savings, during their life cycle compared to current solutions, with wind power and electric transport especially presenting opportunities to reduce emissions cost-efficiently.

Finland is one of 183 countries that have committed to pursuing efforts to limit global temperature rise from pre-industrial levels to 1.5ºC under the Paris Agreement, an agreement adopted in December 2015 within the UN Framework Convention on Climate Change (UNFCCC).

The UN Intergovernmental Panel on Climate Change (IPCC) reiterated last month that urgent global efforts are required to limit global warming to what it said is a crucial threshold.

“The IPCC called attention to the need for all countries to take urgent action to cut emissions or risk allowing the costs of climate change spiral out of control,” comments Mari Pantsar, the head of carbon-neutrality and circular economy at Sitra.

“Our study demonstrates that Finland has the financial and technological capability to accomplish emissions cuts that exceed the current targets. However, decision makers must take urgent action to ensure we are on the right path,” she stresses.

Sitra on Monday said its roadmap for reducing emissions would bring the country closer to meeting both its carbon-neutrality objective and its commitments under the Paris Agreement.

The roadmap consists of measures in four sectors producing the most greenhouse gas emissions in Finland: buildings, manufacturing, transport, and heat and electricity.

“The electrification of road transport will be the single most cost-efficient way to reduce emissions with batteries rapidly becoming more and more affordable. Wind power, in turn, will be the most cost-efficient method to generate electricity, also when taking into consideration the storage capacity needs,” tells Janne Peljo, the head of climate solutions at Sitra.

Sitra states that the number of electric cars on Finnish roads could rise from 11,000 to 800,000 by 2030 – a number that is three times as high as the official objective of 250,000 and would make up roughly 30 per cent of the vehicle stock of Finland.

A prerequisite for the increase is that an estimated 1.5 billion euros is invested in establishing a comprehensive network of charge points.

Sitra also recommends that the wind power capacity be raised from two to seven gigawatts by 2030 – a feat that will require the allocation of sufficient resources for permit procedures and the production chain.

The other key measures include replacing fossil fuels with biomass in combined heat and electricity production, replacing fossil fuels with biogas or biomass in industrial heat production, and adopting heat pumps and electrical heating systems in residential and commercial buildings.

Finland, however, must also nurture its natural carbon sinks, particularly in light of plans to ramp up the use of biomass in manufacturing, underscores Sitra.

The roadmap will also necessitate the adoption of a national carbon-neutrality strategy that outlines the path to carbon-neutrality for all sectors and promotes predictability across electoral terms.

It is also critical that the government takes action to steer both individual and private sector investments towards low-emission solutions, adds Peljo.

“The government’s primary duty is to ensure the infrastructure required by the emissions cuts is in place and businesses and individuals have an incentive to choose low-emission alternatives. It must also be ensured the existing regulation and incentives do not prevent or inhibit investments in low-emission solutions,” he says.

Read more news of Helsinki on our site.
Finnish Innovation Fund,
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
2 views in february
I recommend
No recommendations yet


Post your comment to communicate and discuss this article.

The coach of a sports club in Hyvinkää, southern Finland has been remanded into police custody on suspicion of sexual abuse of minors he was coaching, the Itä-Uusimaa police department said on Thursday. Officials said that they are investigating the case as suspected child abuse but did not disclose the ages of the alleged victims. The suspect in the case, a 50-year-old man, was remanded into custody on Wednesday. The suspected sexual abuse is believed to...
Finns increasingly forego do-it-yourself construction of prefab elements in favour of completely completed homes. Turnkey homes (where homes are fully finished and owners can immediately occupy them) have become more popular than traditional house packages, says the Finnish Association for Manufacturers of Prefabricated Houses. “About 7,500 detached homes are built in Finland every year, and about 70 percent of them are prefabricated houses of some kind,”...
THE FESTIVE ATMOSPHERE in the Helsinki neighbourhood of Arabianranta was visibly subdued on Tuesday, as residents mourned the death of a local child who is believed to have been murdered. While little information has been released to the public, it is known that the victim was murdered near their home on the night of Christmas Eve (December 24). The police apprehended a suspect at the scene of the crime, who has been confirmed as a 36-year old male. Whethe...
One of Finland’s most famous seafaring vessels, the titanic icebreaker Otso, was deployed on its first mission of the winter season last night, keeping sea routes open for the 22nd year in a row. Late in the evening of Christmas Day, Otso, the crowning glory of Arctia Oy’s extensive fleet, departed from Helsinki’s Katajanokka Harbour, heading north to the Bay of Bothnia. The 7000-ton Polar icebreaker has been tasked with keeping waterways open between Oulu...
Eight Finnish political parties have published their a statement on future climate policy goals in Finland. Prime Minister Juha Sipilä (Centre) in November invited all nine parliamentary parties to join a task force established to find an agreement on new, more ambitious climate goals for Finland. The one-month project was led by Kimmo Tiilikainen (Centre), the Minister of the Environment, Energy and Housing. The Finns Party abandoned the task force last w...
A 25-year-old man suspected of the sexual abuse of a girl under the age of 15 in Oulu, northwestern Finland, who was arrested in Germany last Tuesday is now reported to be at large. According to law enforcement officials in Oulu, the suspect was released by German police before he could be transferred to Finnish custody due to "a breakdown in communication between authorities". Oulu District Court ordered the suspect to be reprimanded into custody in absen...
Finland’s high earners saw their real income grow more in 2017 than their peers in middle and low income groups, according to new data released by Statistics Finland on Tuesday. Incomes among the country’s highest income decile rose by 4.4 percent in 2017 compared to 2016, while the year-on-year increase was 1.3 percent for middle income earners. Incomes for the four lowest income deciles meanwhile grew by 1.2 percent over the one-year period. However amon...
A man wanted in connection with a suspected arson attempt on a home in Helsinki’s Käpylä district was remanded into police custody on Sunday. The Helsinki district court has remanded a man suspected of attempted arson and attempted murder into police custody, ending a short-lived manhunt, police said on Sunday. The 25 year-old is suspected of using a Molotov cocktail to cause a fire at a flat in Käpylä, Helsinki last Monday. The apartment was completely de...
Helsinki Central Library Oodi will opened its doors to the public on 5 December at 8am, a day before Finland’s 101st birthday. Designed by ALA Architects, this library of a new era is an ode to Finnish culture, equality and freedom of expression. Oodi offers everyone an open, public urban space at Kansalaistori Square, right opposite Parliament House. Central Library Oodi is an active and functional meeting point with 2.5 million expected annual visitors....