Sweden's Environmental Minister Reiterates No Bail Out For Northvolt [Forbes]
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Source: Forbes
Two years ago, the 25-year-old Liberal Romina Pourmokhtari became Sweden's youngest ever minister to take office, taking on the joint responsibilities for Climate and Enterprise. Early this year, Pourmokhtari and the government's climate policy survived a vote of no confidence, with critics arguing it had failed to include concrete measures to deal with climate change and gone back on many of its earlier climate pledges. Sweden is on track to miss its 2030 targets as a consequence of its decision to cut tax on petrol and diesel and sharply reduce the amount of biofuel that needs to be blended with these fuels. “ Northvolt is an example of how much the economic aspects of production also have to be taken into consideration [as well],” says Pourmokhtari. At a conference organised by the Swedish Chamber of Commerce in the UK, she ruled out providing finance to Northvolt , the ailing Swedish battery maker. The company's aim is to be the major European battery maker, large enough to b
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