Sweden scraps EUA cancellation plan, to spend funds on innovation instead

Published 17:25 on May 24, 2018  /  Last updated at 21:34 on January 30, 2020  /  EMEA, EU ETS  /  No Comments

Sweden has scrapped its plan to spend SEK 300 million (€29.4 mln) annually to buy and cancel EU Allowances to offset emissions from its sale of state-owned utility Vattenfall’s German lignite assets, and will instead spend the money on low-carbon innovation amongst industrial emitters.

Sweden has scrapped its plan to spend SEK 300 million (€29.4 mln) annually to buy and cancel EU Allowances to offset emissions from its sale of state-owned utility Vattenfall’s German lignite assets, and will instead spend the money on low-carbon innovation amongst industrial emitters.

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