EMEA > Compliance Markets & Taxes > Sweden unveils plan to buy and cancel €734 mln in EU carbon allowances

Sweden unveils plan to buy and cancel €734 mln in EU carbon allowances

Published 17:15 on July 2, 2016 / Last updated at 17:18 on July 2, 2016 / EMEA (Compliance Markets & Taxes, Europe)

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Sweden will spend SEK 300 million (€31.9 million) annually to buy and cancel EU carbon allowances between 2018 and 2040, the government announced on Saturday in conjunction with its approval of the sale of state-owned utility Vattenfall’s German lignite assets to Czech-based EPH.
Sweden will spend SEK 300 million (€31.9 million) annually to buy and cancel EU carbon allowances between 2018 and 2040, the government announced on Saturday in conjunction with its approval of the sale of state-owned utility Vattenfall’s German lignite assets to Czech-based EPH.


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