Finland joins growing list of countries restricting international oil & gas finance, leaving Norway the only Nordic country not to do so
Finland has joined a growing list of countries making good on a key pledge from the UN COP26 climate summit in Glasgow last year, by releasing a new policy ending almost all support for fossil fuels via Finnvera, the Finnish Government's export credit agency.
Analysis shows that from 2018-20, Finnvera provided an average per year of USD 142 million to fossil fuels and only USD 46 million to clean energy - or 76% of energy support to fossil fuels vs only 24% for clean energy. This new policy is likely to shift Finnvera's focus to clean energy.