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Green Blog posted a article in Business & PoliticsEarlier this month, the parliament in Finland passed a new climate change act that obliges the country to reduce its emissions with 80 percent by 2050. Ville Niinisto, the Minister of the Environment, said that the new climate change legislation "is an attempt to establish Finland as a leader in low-carbon society." Besides the emission reduction targets the new climate change act also contains measures to improve climate policies and responsibilities for various state authorities, as well as a planning and monitoring system. The new climate change act mainly targets the public sector and does not impose any new obligations on businesses or other operators in Finland. Instead, the new climate laws will act as a tool for the Finnish Government and Parliament to make sure that the public sector and state authorities in the country reach their emission reduction targets. “Climate change and the efforts to mitigate it will change the world and human activities substantially in the coming decades,” Niinisto said. “The Climate Change Act will improve the operations of the public sector in terms of smart societal planning, so that Finland will still remain competitive while we work to reduce climate emissions.” The climate change act includes both medium-term and long-term plans to make sure that Finland actually reaches their reduction targets by 2050. The long-term plan will contain various options for reaching the 80 percent reduction target and will have to be approved by the Parliament at least once every ten years. The medium-term plan concerns reduction measures against emissions outside the emissions trading scheme – such as traffic, housing and agriculture. These reduction measures will need to be approved once per election term. In a recent poll, surveying the public’s opinions about the new climate laws, nearly 80 percent of the respondents said that they approved the new act. So public support for the new climate laws seems to be strong, but criticism from industry representatives remains. But Niinisto rejects fears that the new climate laws could hamper the Finnish industry and bring about additional costs for businesses. “In fact, this is an opportunity for Finnish industries,” Niinisto argued. “It’s a breakthrough that so many sectors seek to address these issues. We will commit to the emissions cuts cost-effectively in order to ensure that the economy thrives and the well-being of citizens increases,” Niinisto assured. “We will avoid unreasonable costs.”