Subsidies for Green Transition and Digitalisation in Finland

Otto Kässi

No 147, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: Abstract This report examines the allocation of Finland’s green transition and digitalization-related subsidies on an annual basis. The analysis utilizes the business subsidy information service system maintained by the Ministry of Economic Affairs and Employment, which provides comprehensive data for the years 2020–2023. According to the data, the value of green subsidies has increased both relatively and absolutely since 2020. However, on an annual basis, the share of brown subsidies, which increase greenhouse gas emissions, has been larger than that of green subsidies every year. There is no similar growth trend for subsidies aimed at digitalization. Moreover, the value of subsidies directed towards digitalization is lower than brown subsidies on an annual level. A provincial and sectoral comparison of the subsidies reveals that a significant portion of the subsidies is narrowly targeted to specific sectors and regions.

Keywords: Green Transition Subsidies; Digitalization Support; State Subsidies; Environmental Policy Funding; Sectoral and Regional Allocation; Industrial Policy (search for similar items in EconPapers)
JEL-codes: H25 H81 O38 Q58 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2024-04-22
New Economics Papers: this item is included in nep-ene and nep-env
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