Agency warns Sweden may miss CO2 targets with biofuel cut

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Agency warns Sweden may miss CO2 targets with biofuel cut
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Sweden will struggle to hit its 2030 emissions targets, a government agency warned on Monday, after the country's minority coalition cut the biofuel that must be added to diesel and gasoline.

The right-wing Sweden Democrats-backed coalition government has already cut fuel taxes, raised tax breaks for people driving to work and ended new electric vehicles subsidies.

Under current rules diesel has to contain 30.5% biofuel and petrol 7.8%. The percentage was meant to increase each year. "A year ago we were on track to with a high probability reach all of our 2030 goals but with this decision the conditions have worsened significantly," Stefan Nystrom, the agency's Director of Department of Climate told Reuters.

The party had wanted biofuel levels to be cut to zero and threatened to bring down the government if that did not happen.

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