Finland plans to meet Kyoto emissions target

Emission trading sector to face heavy burden, government also expects to purchase foreign carbon credits

The Finnish government issued a plan to meet its Kyoto greenhouse gas target during the period 2008-12 on Thursday. A heavy responsibility is to be placed on companies in the EU emission trading scheme. The government said it would improve competitiveness of Finnish companies by reducing industrial electricity tax.

Finland's emissions are currently some 11m tonnes higher than its 2008-12 target of average 70.5m tonnes per year. The government said it planned to achieve 8m tonnes of cuts via the emission trading sector, just 1m tonnes per year from other parts of the economy, and 2m tonnes by purchasing carbon credits from abroad through the Kyoto flexible mechanisms.

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