Finland

Act on State guarantees and export guarantees granted to industry for investments promoting environmental protection (609/1973)

Legislative

Law

Passed in 2011

The act (amending many existing acts) proposes to provide state guarantees (not exceeding EUR100m, USD125m) for investments and credit for Finnish industries (regardless of size of the company size) that carry out investments (inside Finland or abroad) on environmental protection that include renewable energy products, energy recover and energy efficiency projects.The criteria specifies appropriateness, effectiveness and through risk assessments (especially for the investments abroad). The act aims to promote the reduction of carbon dioxide emissions in the aviation sector in a cost-effective and economical way.