Finland has second-highest share of renewables in Europe
After Sweden, Finland has the second-highest share of renewable energy in Europe. The use of renewable energy sources in the production of electricity and district heat has progressed rapidly in Finland. In five years, the use of renewable energy sources in the production of district heat has doubled to 36 per cent. According to our estimates, this share will rise to 55 per cent in a well functioning market.
In 2015, the share of renewables in electricity generation was 45 per cent. Within it, the largest share was hydro power followed by wood and wind power. The volume of wind power will still double from the current levels during this decade. Almost 80 per cent of electricity generation was emission-free, which will rise to 90 per cent by 2030 as the share of renewable production and nuclear power increases.
We reached the national, binding EU-targets for renewables set for 2020 already in 2014. According to the latest estimate, the use of renewable energy sources will surpass fossil fuels this year. Wood has been the most significant energy source in Finland for some time. Currently, at the annual level, wood is used more than oil, which still produces the highest share of greenhouse gas emissions in Finland out of all fuels. Emissions from oil are even greater than the emissions from all other fossil fuels combined.
Traffic faces the biggest challenges in using renewable energy and cutting greenhouse gas emissions. Oil still accounts for almost 90 per cent of fuels used in road transport. In order to replace oil in transport, we need actions to promote both liquid biofuels and electric traffic.