BRUSSELS — Sweden has vowed to block any effort to dilute the EU’s proposed decarbonization scheme ahead of a policy showdown next week that is pitting capitals against each other.
Speaking to POLITICO, Swedish Minister for EU Affairs Jessica Rosencrantz said her country “will fight to keep the Emissions Trading System strong” in the face of a growing coalition of countries that want to see the rules relaxed.
“As some member states push to weaken Europe’s most effective climate instrument, our position is clear: we will oppose any attempt to water down the system,” she said.
The ETS, a cap-and-trade scheme designed to reduce the emissions of the EU’s most polluting industries by making them pay for each ton of carbon they emit, is subject to a review by the European Commission which is slated for release by President Ursula von der Leyen’s top team on July 17.
