Sweden scraps carbon dioxide emissions allowance due to surplus

Instead of selling the excess rights, the governing Social Democrat-Green coalition has decided to scrap them altogether. "The temperature increase on the earth is going much faster than scientists predicted. As such, it isn’t responsible to sell emissions rights to other countries,” climate minister Isabella Lövin explained. This is not the first time that Sweden has decided not to trade its excess emissions rights. To date, allowances to the equivalent of 94.6 million tonnes of carbon dioxide have been scrapped. Sweden’s annual emissions account for just over 50 million tonnes, by comparison. (The Local Sweden)



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