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Finland confirms phasing out coal-fired plants by 2029

The Finnish government has confirmed that the country will phase out coal-fired power generation in 2029 and is considering implementing a new large-scale subsidy scheme worth €90m to support power utilities exiting coal by 2025 (ahead of the planned schedule). As of 2017, more than 10% of the Finnish power generation is still sourced from coal, most of which (66%) is imported from Russia.



Finland would replace coal with nuclear (34% of the power mix in 2016), and two projects are being developed, with the first one, Olkiluoto-3 EPR, expected in May 2019. Nuclear could cover up to 60% of the power mix in 2025.



Finland's greenhouse gas emissions (GHG) are on the rise and grew by 6% in 2017, partly because of an increase in coal burning for electricity and heating. The country has already planned to unveil legislation for a carbon tax in 2018 and the government is pushing for a policy startup in 2019 so that gas power plants could compete more easily with coal-fired ones.

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