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    • Video interview: Pekka Haavisto

    Finland's 'polluter pays' approach — financing with a twist

    At a time when most traditional donors are slashing their aid budgets, Finland increased its official development assistance spending last year to 0.6 percent of gross national income. How? We asked Finnish International Development Minister Pekka Haavisto.

    By Carlos Santamaria // 04 February 2014

    At a time when most traditional donors are slashing their foreign aid budgets, how was Finland able to increase its official development assistance spending last year to 0.6 percent of gross national income?

    By allocating 100 percent of carbon emissions payments to the government to development cooperation, Pekka Haavisto, Finnish minister for international development, highlighted in a video interview with Devex President and Editor-in-Chief Raj Kumar at the European Development Days in Brussels.

    “It has been remarkable [at a time] when we have a very tight budget situation in the country, with almost all sectors cutting, [that] we have been able to increase our development cooperation budget,” he said, adding that emissions trading could contribute even more in the future to ODA.

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    About the author

    • Carlos Santamaria

      Carlos Santamaria

      Carlos is a former associate editor for breaking news in Devex's Manila-based news team. He joined Devex after a decade working for international wire services Reuters, AP, Xinhua, EFE ,and Philippine social news network Rappler in Madrid, Beijing, Manila, New York, and Bangkok. During that time, he also covered natural disasters on the ground in Myanmar and Japan.

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