Sweden strengthens its demands for Climate Action

On 17 October, Reuters reported that Sweden has proposed measures to strengthen carbon prices”. A bill to reform the EU Emissions Trading System (ETS) is now being debated by European lawmakers and member states. Sweden’s Minister for International Development Cooperation and Climate, Isabella Lövin (MP), has the aim of putting a ceiling on emissions and has presented new proposals to a collection of environment ministers calling themselves the Green Growth Group. Her view is that the “ETS system is not working now and we don’t see that the Commission’s proposal is sufficient in making sure that the price signal is strengthened”.  In Sweden’s drive for a more ambitious ETS, the country is also pioneering a program to purchase and then scrap 30 million euros of carbon credits a year,  equating to about 10% of its total emissions  from 2018 to 2040, Reuters writes.

Regular readers of Mundus International reports will be familiar with our view that the world should expect a more assertive Swedish climate policy.  For more on Swedish climate developments see our sister blog, Renovamus

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Sean is responsible for Mundus’ strategy and commercial activities. He began his career in the oil industry Australia. After working internationally in commercial roles with BP in South Africa, the UK and Singapore he moved to Sweden with his family in 2009. He worked in business development and then as the Strategy and Growth Director for NASDAQ Commodities from 2009 to 2015. Sean holds an engineering degree from Adelaide University and an MBA from the Darden Business School at the University of Virginia. He blogs about energy and innovation at www.renovamus.com