Finland may phase out the use of coal in energy production by 2025, its Economy Minister has said.
Speaking during a parliamentary debate, Jyri Haekaemies, said, 'I think we could set a target for Finland phasing out coal use as the first country in Europe, for instance by 2025,' Bloomberg reported.
Efforts have been put in place to boost the country's use of renewable energy and cut fossil fuel use through government subsidies and taxes, according to the national climate and energy strategy, formed in 2008.
The Minister has said the policy document will be under revision and updated by the end of this year.
He said, 'Investments into renewable energy will play a key role in the updated policy.
'All the imported energy which we can replace with domestic energy sources not only creates jobs, but also cuts emissions and improves our current account.'