May 24, 2024 1:58 am
EU’s Kai Mykkänen on EU’s 2040 climate goal: “This will be a challenging journey”

Finland has expressed its support for the European Union’s 90 percent net emission reduction target, with certain reservations. The environment ministers of EU member states met in Brussels to discuss the Union’s 2040 climate goal, proposed by the EU Commission in February. The goal is to achieve a 90 percent net emission reduction from the levels recorded in 1990, with a focus on both emission reductions and carbon removal.

The Commission’s actual legislative proposal will be made after the summer European elections. During the discussion at the Environmental Council meeting, Minister of Environment and Climate Kai Mykkänen emphasized the importance of proceeding technology-neutrally and accepting nuclear power as a clean energy source. He also highlighted incentives for technical carbon sequestration at the EU level should be put in place.

Finland believes that achieving the emission reductions required to reach this goal would require significant changes in industry, particularly in green technologies such as steel and refinery sectors. Carbon dioxide recovery in forest industry units was also highlighted as an important aspect of meeting these goals.

Despite uncertainties in the land use sector and challenges in defining clean energy sources, Finland believes that technical sinks have great potential to help achieve a net reduction increase of more than five million tons of carbon dioxide emissions. This discussion marked the beginning of a long process towards reaching the 2040 climate goal, with a focus on cost-effective emission reductions and transitioning towards cleaner technologies.

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