The ministerial working group on sustainable growth for Finland decided on Tuesday 13 April that the final version of Finland’s Recovery and Resilience Plan will be submitted to the European Union in May.

Climate and economic policies were discussed by the finance ministers of over 60 countries at the meeting of the Coalition of Finance Ministers for Climate Action on 6 April 2021. In its spring meeting, the Coalition acquired eight new member countries, including the United States, Japan and South Korea.

The Sustainable Growth Programme for Finland will boost investment in emissions reducing solutions, accelerate sustainable growth in the economy, and create long-term growth potential. Half of the funding involved will be for promoting a green transition, and about a quarter will be for digitalisation. The Programme will also boost public investment in research, development and innovation by approximately EUR 700 million.

Minister of Finance Matti Vanhanen highlighted Finland's views on the use of the EU’s sustainable finance classification system in the forestry and energy production sectors. Minister Vanhanen discussed these matters with European Commissioner Mairead McGuinness on Friday 5 March.