EU approves €2.3bn plan to cut Finnish industrial emissions

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				EU approves €2.3bn plan to cut Finnish industrial emissions

Smoke billows above trees out of the chimney of a factory in Sundom. LEHTIKUVA

The European Commission has approved a €2.3 billion Finnish state aid scheme aimed at reducing industrial emissions and boosting clean energy investments. The plan, which takes the form of a tax credit, will support businesses investing in renewable energy, energy storage, and emissions reduction technologies.

The scheme consists of three key measures. The first will fund investments in renewable energy production, excluding electricity generation.

It will also support storage solutions for renewable hydrogen, biofuels, biogas, and other sustainable energy

Source: www.helsinkitimes.fi

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