Annual Climate Report 2023

According to the Climate Act, the Government submits the Annual Climate Report to Parliament every year. The Report examines the trends in emissions and sinks, sufficiency of the planned measures to achieve the emission reduction targets, need for further measures, and implementation of the targets and measures of the Medium-term Climate Plan and Climate Plan for the Land Use Sector. The sufficiency and implementation of measures in the National Adaption Plan are also discussed. Total emissions without the land use sector decreased in 2022 compared to 2021. Emissions from the emissions trading sector decreased clearly from the previous year. Emissions from the effort-sharing sector decreased as well, and they were within Finland’s annual emission allocations in 2021 and 2022. The land use sector was a small net sink in 2022. The fact that the sector turned from a source of net emissions in 2021 to a net sink is due the smaller felling volume in 2022. Net emissions, i.e. emissions and sinks from all sectors combined (including the land use sector), decreased in 2022 compared to the previous year. The pace of emission reductions is in line with the emission reduction target for 2030 set in the Climate Act. If no further measures are taken in the land use sector, Finland is not likely to achieve the EU commitments under the LULUCF Regulation without buying emission credits from other Member States. Achieving the national climate neutrality target requires further measures in the land use sector and other sectors