Energy Efficiency Agreements – Finnish Success StoryEnergy Efficiency Agreements are an important part of Finland’s energy and climate strategy and the principal method by which to promote the efficient use of energy in Finland.
The responsible and efficient use of energy reduces carbon dioxide emissions, which contribute to climate change. Energy conservation and energy efficiency have been promoted with agreements between the government and various industries since the 1990s.
The new energy efficiency agreement period launched in 2017The energy efficiency agreement period for 2017–2025 extends the agreement period for 2008–2016. The sign-up period for the new agreement period is underway.
Energy Efficiency Agreements 2017–2025
The Energy Efficiency Agreement in 2008-2016In Finland a total of 667 companies, with about 5,000 sites, and 132 communities and joint municipalities participated in the Energy Efficiency Agreements in 2008-2016.
During these years participants implemented over 21,000 energy efficiency measures. Energy efficiency measures implemented in industries, municipalities as well as in property and building sector decreased Finland’s annual energy consumption by almost 16 terawatt hours (TWh) by the end of 2016.
At the end of 2016 the measures reduced the energy costs of the participating companies and municipalities in total by more than 560 million euros a year. They reduced carbon dioxide emissions by 4.7 million tonnes a year.
During 2008-2016, the Government of Finland granted almost 105 million euros in energy subsidies, of which 13 million euros were for energy audits and 92 million euros were for energy efficiency investments. Correspondingly participants invested in total over 1.3 billion euros in energy efficiency measures during 2008-2016.
Results of Energy Efficiency Agreements in 2008-2016