Amid growing concerns over soaring energy prices in the EU, Swedish Prime Minister Ulf Kristersson has assured that there will be no shutdown of the emissions trading system (ETS). This decision comes in response to mounting pressure for both an increase in imports from Russia and the elimination of the ETS. Kristersson emphasized the importance of maintaining the established rules for companies that have leveraged European climate policy as a competitive advantage.

During a break at the EU summit in Brussels, Kristersson highlighted that the ongoing high energy prices, particularly for gas, are a significant concern for many EU member states. He notes that several countries are heavily reliant on gas and find themselves in a difficult position due to the escalating costs. The Prime Minister acknowledges that these energy challenges are affecting various nations, prompting them to seek alternative solutions.

Although there will be no immediate dismantling of the ETS, Kristersson mentioned that a planned review of the system is set to occur this summer. This indicates that, while the government recognizes the urgent need to address energy pricing issues, it also values the integrity of the ETS which plays a critical role in the EU's climate strategy. Overall, the Prime Minister's statements reflect a balancing act between managing energy prices and sustaining ambitious climate commitments within the EU framework.