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November 2018
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Wednesday, 24 October 2018 13:00

Finland is a leader in advanced biofuels, IEA

Finland is a leader in advanced biofuels, IEA

Thanks to the strong role of nuclear, hydro and bioenergy – which alone accounts for 29% of energy supply – Finland has one of the lowest shares of fossil fuels in total energy supply among IEA member countries. Yet in its latest review of energy policies in Finland, the IEA finds that the government will nonetheless need to focus on cost-effective measures to achieve its ambitious climate goals of halving oil demand and phasing out coal use by 2030, among others, Caspian Energy News (www.caspianenergy.net) reports with reference to the official website of the International Energy Agency (IEA).

For instance, Finland targets 30% of transport fuels from renewable sources by 2030. As a leader in advanced biofuels, Finland needs to ensure that its new biofuels obligation can be met with sustainable feedstocks, encourage investments in novel biofuels production, and ensure the use of biofuels in long-distance transport, such as freight, shipping and aviation.

Finland also aims to reduce car ownership by fostering a shift from personal transport towards transport services. In terms of heating, industrial heat demand is largely met by biofuels and electricity. At the same time, Finland’s energy sector is investing in new nuclear, based on long-term industry contracts. However, coal and peat still play a large role in combined generation of heat and power (CHP) and related district heating and cooling (DHC), placing Finland 7th in terms of IEA carbon intensity of electricity supply.

Looking at energy security, Finland is strengthening its integration in the Nordic and Baltic electricity market with new interconnections and is also working on a common gas market with the Baltic States.

More details: https://www.iea.org/newsroom/news/2018/october/finland-shows-how-bioenergy-and-nuclear-can-drive-the-energy-transition.html

Person in charge of the newsline: Olga Nagiyeva 

 

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