National implementation of emission trading
The Directive was implemented in Finland by the Emissions Trading Act (683/2004, amended by 108/2007, 1468/2007 and 16 /2010). The Emissions Trading System is implemented by the Ministry of Employment and the Economy. The Council of State has made decisions with respect to the national allocation proposals for 2005-2007 and 2008-2012, which were delivered to the Commission, and since the Commission’s final decision has decided on the emission allowances of individual industries.
The Ministry of Employment and the Economy set a working group on 5 February 2009 to prepare for an initial partial amendment and later, for a full amendment of the Emissions Trading Act, which will be necessary in order to implement the 2013-2020 emissions trading period. Based on the working group’s recommendation, the Government made a proposal to the Parliament in October 2009 concerning an amendment to the Emissions Trading Act (HE 212/2009 vp). The Act came into force on 1 February 2010. The Act contains the amendments to the Emissions Trading Act, which will be necessary for implementing the scope and validity of the Act during the 2013-2020 period.
It is intended that the proposal covering the overall amendment to the Emissions Trading Act in 2013-2020 will be completed in September 2010.
The Energy Marketing Authority will act as Finland’s national Emissions Trading Authority. The Emissions Trading Authority’s tasks include awarding emission permits keeping an Emission Trading Register, monitoring the responsibilities resulting from emissions trading, and approval of emissions trading verificators.