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Finland To Introduce Law Next Year Phasing Out Coal

An anonymous reader quotes a report from Reuters: Finland will introduce legislation next year to phase out coal and increase carbon taxes, a top government official told Reuters, which would require the country to find alternative energy sources to keep its power system stable. Coal produces roughly 10 percent of the energy consumed by Finland, which is the Nordics’ heaviest coal consumer and burned about 4.1 million tons of oil equivalent in 2016. “This strategy has a goal of getting rid of coal as an energy source by 2030 […] We have to write a law […] and that will be next year,” Riku Huttunen, director general in Finland’s energy department, said. The law will, however, leave “room for manoeuvre” to ensure security of supply, he said, meaning coal-fired power plants could still be available to avoid the risk of blackouts. Finland is increasing its nuclear capacity, which could replace coal. But that may not be sufficient, a Nordic power trader said, as Finland will receive less nuclear power from neighboring Sweden, which is phasing out two reactors. Helsinki is raising its nuclear power capacity to reduce dependency on Russian energy imports. Two new reactors, Olkiluoto 3 and Hanhikivi 1, are due to go online in 2018 and 2024, respectively.

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