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Nordic pair agree way forward

Norway, Sweden sort out differences on green certiticiates

Nordic pair agree way forward image

Norway and Sweden have agreed a forward path for their shared green certificate system.

The deal includes an increase in Swedish renewable energy targets to 18TWh by 2030.

The two countries have had a common market for electricity certificates since 2012 but Olso last year raised concerns about the impact of Sweden's proposed targets on the overall system.

Trade body Norwea welcomed the deal. "The provisions in today's agreement as well as a constructive effort to enact the agreement should ensure that we land on an even keel before summer," it said.

As part of the agreement, Norway will hold its targets steady. Sweden will provide a "stop-mechanism" by the end of 2020, which will set limits on new projects once targets have been reached.

Image: the Jadraas wind farm in Sweden (Arise1)

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