The China Mail - Sweden rejects proposals for fossil fuel phase-out

USD -
AED 3.672502
AFN 64.000166
ALL 81.073366
AMD 360.397329
ANG 1.789785
AOA 917.000057
ARS 1544.981298
AUD 1.452644
AWG 1.8025
AZN 1.691746
BAM 1.74477
BBD 2.016316
BDT 124.68888
BGN 1.747831
BHD 0.37789
BIF 2991.721382
BMD 1
BND 1.278006
BOB 12.087853
BRL 5.504402
BSD 1.001115
BTN 94.527581
BWP 13.71503
BYN 2.986927
BYR 19600
BZD 2.013364
CAD 1.40451
CDF 2314.99984
CHF 0.816245
CLF 0.024847
CLP 977.920021
CNY 6.6885
CNH 6.666003
COP 3237.61
CRC 453.985869
CUC 1
CUP 24.025728
CVE 98.364385
CZK 21.746203
DJF 178.268433
DKK 6.674698
DOP 60.118113
DZD 136.244362
EGP 53.818603
ERN 15
ETB 164.305149
EUR 0.892943
FJD 2.260954
FKP 0.741654
GBP 0.744855
GEL 2.605031
GGP 0.741654
GHS 11.677491
GIP 0.741654
GMD 74.503879
GNF 8867.280715
GTQ 7.650415
GYD 209.748787
HKD 7.83605
HNL 26.906402
HRK 6.76901
HTG 131.200043
HUF 325.692501
IDR 18134.55
ILS 3.20945
IMP 0.741654
INR 94.14045
IQD 1517.627748
IRR 1891353.000007
ISK 122.180303
JEP 0.741654
JMD 158.783543
JOD 0.709002
JPY 157.816497
KES 129.920031
KGS 87.449297
KHR 4073.330657
KMF 441.000181
KPW 899.999961
KRW 1360.279472
KWD 0.31056
KYD 0.834281
KZT 450.121101
LAK 22530.587485
LBP 89904.785701
LKR 332.811462
LRD 170.183726
LSL 16.405012
LTL 2.95274
LVL 0.60489
LYD 6.40885
MAD 9.755923
MDL 17.898225
MGA 4538.9666
MKD 54.963011
MMK 2099.952938
MNT 3601.972253
MOP 8.089227
MRU 40.443905
MUR 47.029725
MVR 15.455014
MWK 1735.92278
MXN 18.765411
MYR 4.0595
MZN 63.910411
NAD 16.405597
NGN 1344.379834
NIO 36.842927
NOK 9.33205
NPR 151.247145
NZD 1.798285
OMR 0.384499
PAB 1.001106
PEN 3.448236
PGK 4.560377
PHP 63.052993
PKR 276.874822
PLN 3.933704
PYG 6167.982515
QAR 3.659282
RON 4.76498
RSD 105.058002
RUB 81.503675
RWF 1474.62889
SAR 3.753652
SBD 8.051718
SCR 13.86862
SDG 601.49797
SEK 9.83844
SGD 1.28037
SHP 0.745545
SLE 22.909653
SLL 20969.504398
SOS 572.098915
SRD 37.556971
STD 20697.981008
STN 21.856266
SVC 8.759417
SYP 13001.999685
SZL 16.399336
THB 33.521961
TJS 9.234989
TMT 3.51
TND 2.983002
TOP 2.40776
TRY 50.15726
TTD 6.779873
TWD 32.8975
TZS 2649.229712
UAH 45.474772
UGX 4049.207822
UYU 40.322761
UZS 11946.010562
VES 893.768963
VND 25607.5
VUV 119.513361
WST 2.778515
XAF 585.731903
XAG 0.01943
XAU 0.000247066701
XCD 2.70255
XCG 1.804168
XDR 0.707052
XOF 585.731903
XPF 106.390951
YER 236.175019
ZAR 16.52594
ZMK 9001.202866
ZMW 20.296888
ZWL 321.999592
SSP 5745.196153
MXV 2.111183
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Sweden rejects proposals for fossil fuel phase-out
Sweden rejects proposals for fossil fuel phase-out / Photo: © AFP

Sweden rejects proposals for fossil fuel phase-out

Sweden's government rejected Wednesday a government-appointed commission's recommendations on ways to phase out fossil fuels, which included tax hikes on petrol and diesel to meet the country's 2030 climate targets.

Text size:

Prime Minister Ulf Kristersson's right-wing coalition, backed by the far-right Sweden Democrats, commissioned the expert report in 2024 to find solutions to reduce the use of fossil fuels, in particular in the road transport sector.

Sweden has set a goal of reducing CO2 emissions from transport by 70 percent by 2030 from 2010 levels, and to achieve net zero emissions by 2045.

The commission on Wednesday proposed an increase in the required share of biofuels or low-carbon alternatives that petrol suppliers must blend into their products.

The current levels "are too low for Sweden to be able to meet its 2030 commitment without the ESR trading system" of purchasing quotas abroad, the report said.

It also proposed an increase in petrol and diesel taxes to encourage consumers to shift to electric vehicles.

The proposals run counter to the policies the government has pushed since coming to power in 2022, namely cutting petrol taxes and reducing the biofuels obligation.

The report comes as Sweden is just months away from a general election on September 13.

"This commission was set up two years ago, before (US President Donald) Trump (began his second term) and before the war in Iran," Finance Minister Elisabeth Svantesson told public broadcaster SVT.

"In this situation, petrol prices are so high that it makes people's lives more difficult. It would be a bad idea" to raise them further, she said.

The government recently lowered petrol taxes temporarily in response to the energy crisis.

The commission also proposed raising subsidies for electric cars and cutting household electricity taxes.

Several expert reports have concluded in recent years that Sweden is unlikely to be able to meet its climate targets for 2030 and 2040 because of the government's policies.

"The gradual phase-out of fossil fuels must be carried out in a safe and acceptable way, so as to maintain and strengthen the competitiveness of Sweden and its companies," the climate ministry said in a statement on Wednesday.

D.Pan--ThChM