The collapse of the soviet union in the early 1990s and its loss as finland s chief trading partner was a severe blow to the finnish economy.
Finland energy sources.
Energy policy of finland describes the politics of finland related to energy.
Renewable energy in finland grew to 38 7 of total final energy consumption by year end 2014 it was just 29 2 in 2005 achieving joint second position with latvia in terms of renewable energy consumption by share amongst the eu 28 countries behind its neighbour sweden in first position on a 52 6 share.
In five years the use of renewable energy sources in the production of district heat has doubled to 36 per cent.
The statistics describe the use of hard coal in generation of electricity and heat in finland.
Finland is part of the joint nordic electricity market which is subject to free competition.
Because of finland s relatively small domestic market specialized production and lack of energy sources foreign trade is vital for the economy.
Energy consumption in households statistics on energy consumption in households describe the annual amount and structure of energy consumption related to housing and from which sources energy is acquired for heating residential buildings.
The country has aligned its climate and energy policies with a goal of climate neutrality by 2050 and ambitious climate targets for 2030 such as cutting oil consumption in half and achieving 30 of renewables in transport by 2030.
The use of renewable energy sources in the production of electricity and district heat has progressed rapidly in finland.
The growth was due to the increased use of both fossil fuels and peat and renewable energy sources.
The aim set in the national energy and climate strategy to 2030 is to increase the use of renewable energy so that during the 2020s its share in energy end consumption rises to more than 50 per cent.
The 2014 share in finland breaks down as renewable energy providing 52 of the heating.
In addition to energy sources production can be divided according to the kind of power plant the electricity is generated in e g.
In finland renewable energy sources represent about 40 per cent of energy end consumption.
According to statistics finland s preliminary data total consumption of energy in 2018 amounted to 1 38 terajoule tj which corresponded to a growth of two cent compared with the previous year.
According to statistics finland s overview in 2018 the consumption of renewable energy sources increased by 3 and their share of total energy consumption was 37.
Electricity sector in finland is the main article of electricity in finland.
Finland lacks domestic sources of fossil energy and must import substantial amounts of petroleum natural gas and other energy resources.
After sweden finland has the second highest share of renewable energy in europe.
The consumption of wood fuels increased by 4 and they remained the most significant single source of energy in finland with a 27 share.
