Emissions Trading Windfall For Nuclear Plants
The newspaper Helsingin Sanomat reports that nuclear power companies in Finland are enjoying massive subsidies from emissions trading rights.
It reports that companies producing electricity with coal and other emission-causing fuels pass on the value of emission rights to their electricity prices, even though they receive the bulk of the rights free of charge. The paper calculates that of the 28 euro per tonne value of emissions rights, 22 euros are passed on to the price of each megawatt of electricity.
Also, power utilities that do not cause emissions follow the same pricing practices. According to Helsingin Sanomat, Finland's four nuclear power units bring owners an extra 500 million euros annually from non-existent emissions.
This is one reason, it writes, that investors both in Finland and abroad have been keen on constructing nuclear power plants here.
In total, emission rights charges bring the Finnish electric power industry close to an extra two billion euros a year.
Latest in: News
Finnair, cabin crew continue Flybe transfer talks
Negotiations crash landed Wednesday over the disputed transfer of cabin crew to joint venture airline Flybe Nordic as part of a transfer of loss-making European routes and aircraft to the budget airline. The parties resume talks Friday.
Amnesty raps Finland over treatment of asylum-seekers
Amnesty International has criticized dozens of states for human rights abuses. In its latest annual report, the human rights group also rapped Finland for its accelerated asylum procedures, which include forced returns to Baghdad.
PM grilled over proposed Iceland operation
Prime Minister Jyrki Katainen again Thursday denied claims that a proposal for Finnish participation in joint Nordic patrolling of Iceland's airspace is intended to ease Finland into NATO.
Young Designer of the Year 2012 - Linda Bergroth and OK Do
Design Forum Finland's Young Designer of the Year Prize of 2012 has gone to designer Linda Bergroth and the arts/design collective OK Do.
Finland sees increase in UV radiation
Ultraviolet (UV) radiation exposure in Finland has risen ten percent in the past decade. While the Finnish Meteorological Institute (FMI) can’t pinpoint why this is happening, scientists have shown that a thin ozone layer results in more harmful UV rays reaching the earth’s surface.
Ronald McDonald kidnapper goes to court
Fast food giant McDonald’s is suing a Finnish artist and three accomplices for kidnapping Ronald McDonald, the burger empire’s clown mascot.
Human trafficking probe in Åland Islands
Police in the semi-autonomous maritime province of Åland are investigating a case in which a man who withheld his employee’s salary is suspected of human trafficking.
Aho: Euro cannot survive in current form
Europe today could use lessons learnt during Finland’s recession in the 1990s, says then-premier and current Nokia leadership team member Esko Aho.
Mystery motorist sows fear among children
Police in Kanta-Häme are asking for eyewitnesses to help solve a baffling series of traffic crimes.
Finnair pilots reach deal over Flybe transfers
Finnair has still not reached agreement with its cabin crew staff over a planned transfer to some workers to Flybe Nordic, a joint venture with the British airline Flybe.
Discuss this topic
0 comments
Thank you. Your message has been sent to Yle News. We publish comments between 9 AM and 5 PM.
Yle News reads all comments before publishing, and we reserve the right to edit long comments. Inappropriate comments will not be published.
Thank you. Your report has been sent to Yle News. We review the reports between 9 AM and 5 PM.
Yle News will review the comment you reported and will delete it if necessary.