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Sweden Today

Swedish news in English

Wednesday, October 23, 2024

Sweden Eyes New Mining Tax for Green Shift

Published: 2024-05-24

Sweden's Minister for Business, Ebba Busch, is advocating for more mines to support the green transition and self-sufficiency.

To encourage local communities, she proposes a new mining tax where funds go to municipalities.

However, Kiruna's local council is skeptical, citing no financial returns despite increased costs from new mines.

The EU pushes for faster permits for critical minerals like graphite and lithium, crucial for green technologies.

Local officials stress that benefits should stay within the region to gain their support.