Kai Mykkänen suggests coal tax as means to fix emissions trade

Summary:

Minister for Foreign Trade and Development Kai Mykkänen suggests implementing a coal tax. According to Mr Mykkänen, the tax woul provide investments in emission-free energy production without resorting to subsidies for renewable energy. Finland should implement the tax in collaboration with other Nordic countries, especially Sweden. Mr Mykkänen says it is possible that the Finnish energy strategy will conclude that there is a need for a, preferably, Nordic system for directing energy investments through emission prices. According to the minister, it is uncertain whether the measures proposed by the EU Commission will be enough for the price of emmission allowances to rise above 20 euro which is concidered the price level that will begin to direct investments.

Media:  YLE Uutiset

Date: 5.9.2016

Journalist: Varpu Kiviranta

Main source: Minister for Foreign Trade and Development Kai Mykkänen

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