DataSpace Europe

The agricultural sector accounts for roughly a sixth of Finland’s carbon footprint. Digitalisation plays an important role in accelerating agricultural emissions reductions. Agricultural emissions are generated from a multitude of sources, which cannot be addressed by any single technological solution.    

Data Space Europe’s intermediation service of is one of the means for supporting emissions reductions in the agricultural sector, while simultaneously accelerating digitalisation in the sector and improving traceability, which consumers have requested. Data sharing and the development of new methods play a role in improving the efficiency of production, and more accurate measurement and data also supports emissions verification and the launch of emissions reduction measures. 

The Climate Fund’s investment decisions are guided by a three-tiered set of criteria. The preconditions for funding are a credible plan for repayment of the investment and return of capital, that with the Climate Fund’s investment the project will be realised in the first place, earlier or on a larger scale, and alignment with the EU’s sustainable investment regulation’s do no significant harm principle (DNSH).  Other aspects in the investment decision include emission reductions and other impact, such as productivity and business potential.

The Climate Fund’s €1 million capital loan with a profit component will be allocated to the development of a data intermediation service around the food chain. The interest on the Climate Fund’s capital loan is priced at the market rate. 

The intermediation service is one of the indirect means for supporting the creation of emissions reductions in an important domestic effort sharing sector. Indirect emissions reductions mean that the company’s technology enables the identification of emissions or provides services for identifying emissions, but the final reductions depend on the corrective action taken by the company’s customers instead of directly from the technology or product of the company being financed.