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, EU ETS  /  No Comments

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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