Forecast: Fossil Energy Energy Supply in Finland

The fossil energy supply in Finland has experienced a consistent decline from 2013 through 2023, with a notable decrease of 4.14% year-on-year from 2022 to 2023. The supply stood at 490.67 thousand terajoules in 2023. The compound annual growth rate (CAGR) over the last five years leading up to 2023 was -4.97%, highlighting a significant downward trend.

Forecasted data from 2024 to 2028 suggests a continued decline in the fossil energy supply, with a projected CAGR of -3.75% over this period, culminating in a total reduction of 17.4%. This sustained decrease aligns with Finland's efforts towards energy transition and renewable energy adoption.

Future trends to watch for:

• Further diversification of the energy mix towards renewables.
• Government policies aimed at reducing carbon emissions.
• Technological advancements in energy efficiency and sustainable energy production.
• Potential impacts of international energy markets and geopolitical factors on Finland’s energy strategy.