🇫🇮 This week’s carbon management EU country spotlight: Finland 🇫🇮

Net-zero by 2035! You heard right. Finland has set the bar high with the most ambitious climate plan in Europe. The Finnish government has also recently published a report highlighting how CDR will help the country reach its carbon neutrality goal.

Let's explore how Finland plans to leverage CDR technologies to combat climate change.

Finland’s Climate Change Act sets a net-zero by 2035 goal, with emission reduction targets of -60% by 2030, -80% by 2040, and -90/95% by 2050. These reduction targets make #CDR de facto mandatory. This is a bold guiding framework for reductions that stands out among all other EU 🇪🇺 countries, none of which have codified a net-zero by 2035 goal.

In a recent report, the Finnish government has emphasized that CDR, particularly CDR applied to industrial biogenic CO2 emissions, will have significant potential to contribute to the country’s carbon neutrality or net-zero target. Here are some key points from the report:

🪨 Biochar Carbon Removal (#BCR) will be among the most mature and the most cost-effective of CDR technologies by 2030. It is already mature and Finland is identified as a major actor in the European biochar sector.

❗Negative emissions should have separate targets to provide policy certainty and avoid using removals as a substitute for vital emission reductions.

💶 Pricing and funding instruments include establishing markets for first movers by 1) auctioning negative emissions, 2) setting a national price floor for CO2, and 3) providing tax credits or rebates to incentivize negative emissions.

🚀 The voluntary carbon market (#VCM) is boosting the biochar market, and production capacity is expected to increase beyond 80 kt biochar/year in the short term.

No other country in the EU has as bold a net-zero goal as Finland. The country’s goal to achieve net-zero by 2035 is inspiring and could hopefully lead to other countries following suit. This new report from the government is yet another step in the right direction; by investing in innovative technologies, research, and policies that prioritize CDR, Finland is leading the charge for a sustainable future alongside other countries I’ve spotlighted in this series.

👏 Shout out to these Finnish companies leading amazing CDR work in Finland: Carbonaide, Carbo Culture, Puro.earth, Carbofex, Paebbl, Soletair Power, GRK, Compensate.

👏 And also the individuals pioneering CDR in Finland: Tapio, Pia, Antti, Marianne, Jussi, Marta, Andreas, Esko, Petri, Hanna, Antero, Kim.

Let's continue to push for CDR as a vital component in the global effort to reduce CO2 emissions. Who else deserves a shout-out for their work in Finland? What do you think about this emerging report?

Full report here:

https://lnkd.in/dR7SFivu