Member States must submit their recovery and resilience plans to the European Commission in order to receive assistance from the Recovery and Resilience Facility, which the EU established in the wake of the economic crisis brought on by COVID-19. Each plan outlines the investments and changes that must be made by the end of 2026, and Member States are eligible to receive funding up to a predetermined allocation. Each strategy should successfully address the issues raised by the European Semester, especially the country-specific recommendations for 2019 and 2020 that the Council has approved. Additionally, it should strengthen the economies and society of Member States while advancing the green and digital transformations.
The recovery and resilience plan for Finland, which includes funding totaling €2.1 billion, has received a favorable evaluation from the European Commission. The plan's overall allocation for investments and changes supports climate targets, such as:
Energy sector decarbonization by spending on new energy technology and energy transmission and distribution. EUR 319 million
Low-carbon hydrogen: investments in carbon capture, storage, and recovery as well as along the hydrogen value chain. Euros 156 Mio.
Low- or zero-carbon heating systems can be used to replace oil boilers in buildings. $70.00 million
Supporting private and public electric vehicle charging stations, as well as infrastructure for gas refueling and charging.
$40.00 million