DNSH in Finland

Goals and results

The project will provide support to public authorities through three interlinked project phases between 2022 and 2024.
1. Answering questions on the investment gap in Finland for the green transition;
2. Providing guidance on the implementation of the DNSH for both funding authorities and financial beneficiaries. Subsequently train Finnish authorities and companies making DNSH assessments and evaluations. In addition, best practices on information management and general administration of the DNSH will be identified to reduce the administrative burden.
3. Provide ad hoc support to selected pilot projects to identify potential challenges. At the end of the project, two seminars will be organised to present the results of the whole project.

Summary

The project supports Finnish authorities to implement the Do No Significant Harm (DNSH) principle in funding decisions. The project will provide clear guidance to public authorities and companies subject to the criteria. This guidance will enable public authorities to make fast and reliable funding and permiting decisions that accelerate the green transition without doing harm to the environment.

Starting points

The European Green Deal objective is to make Europe climate neutral by 2050, while Finland is committed to achieving carbon neutrality by 2035. The Sustainable Growth Programme, funded by the Next Generation EU, is key to achieving the carbon neutrality target. Finland has allocated 50% of the Recovery and Resilience Facility (RRF) funding to support the green transition. RRF funding must comply with the DNSH (Do No Significant Harm) principle as defined in the Taxonomy Regulation. Finland intends to increase its administrative capacity and knowledge on the application of the DNSH principle.

Additional information

• TSI 2023 Flagship: DNSH
• TSI 2023 Flagship: DNSH (ei merkittävää haittaa)
• Euroopan komission TSI-tuki Suomelle 2022
• Reform Support (TSI) in Finland 2022