Paris Time Report launch

Finland 2023: Energy Policy Review

Background information

The IEA regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences to help drive secure and affordable clean energy transitions.

Finland has set one of the most ambitious climate targets in the world, a legal obligation to reach carbon neutrality by 2035. It has made notable progress towards this target, deploying the first new nuclear reactor in Europe in over 15 years and achieving strong growth in wind generation. Thanks to the country’s efforts to advance its energy transition, Finland has the second lowest share of fossil fuels in the energy supply among IEA member countries. Finland has also succeeded in rapidly ending nearly all energy imports from Russia while ensuring secure access to energy by increasing imports from other countries, expanding domestic renewable energy production and improving energy efficiency.

In this report, the IEA will provide a range of energy policy recommendations to help Finland smoothly manage the transition to an efficient and flexible carbon-neutral energy system. The report will be launched at a livestreamed press webinar.