• Still negative inflation rate in Sweden

• Björn Borg will make 'aggressive investments' after net profit fell 20 percent

• Sweden wants EU bonus cap on hedge funds

• Vattenfall not decided on sale of Swedish grid

• Fifth death from swine flu hits Sweden

• Industrial production swelled in September

• Swedbank will make a loss next year, Sweden's financial watchdog said

• Nordea said its peer Swedbank was an attractive merger partner

• Finance minister Anders Borg raised the forecasts for Sweden's economy

• A U.S. tobacco company is in talks to buy a Swedish maker of nicotine gum and mouth sprays

• Niklas Zennström and Janus Friis buy back 14 percent of Skype

• SAS said that October passenger traffic fell 13.5 percent

• Swedish debt office to OK Saab guarantees

 

Not good enough, Obama

NEW DELHI (AFP) - Sweden's Prime Minister criticised US efforts to adopt new climate change legislation, and cast doubt on whether crucial year-end talks would result in a deal on binding carbon emission cuts.

Related news:
• Reinfeldt and Obama in climate deal talks
• Denmark's PM: Climate summit will fail
• Denmark warns of Copenhagen fiasco
• Sweden tells US to step up on climate change
• Reinfeldt 'very worried' on climate negotiations
• Time to 'break deadlock' on climate change
• Environment talks with US "progressing slowly"

Prime Minister Fredrik Reinfeldt of Sweden, which holds the rotating EU presidency, said the emissions bill being debated by a key US Senate committee was "going in the right direction" but was "not as lengthy as we would hope."

Members of Congress are debating a bill aimed at reducing greenhouse gas emissions in the United States, which many see as a prerequisite to a deal at an upcoming UN summit in Copenhagen aimed at replacing the Kyoto Protocol.

Earlier in the week US Republican lawmakers boycotted a committee meeting on the bill -- backed by President Barack Obama -- which some see as a sign of non-commitment that could stall negotiations already deadlocked over help for developing countries to fight global warming.

Reinfeldt voiced uncertainty about whether the legislation would be ready before the December 7-18 UN summit, but said US input was important given its historical responsibility as a major polluter.

"We can't have the number one causer of this problem... outside of the deal," Reinfeldt said.

He said he was hoping for a "strong agreement" in Copenhagen, but downplayed expectations about a solution to the contentious issue of legally binding emission cuts.

"What we hear is that the kind of legally binding agreement that we for instance did inside the EU will probably not be possible," said Reinfeldt.

"Some of the countries like the US say we do not have the support in our Congress to make a ratification."

Reinfeldt was speaking to reporters in New Delhi, where he was taking part in the annual India-EU summit.

Acknowledging that the industrialised world had failed to follow a sustainable model of living, Reinfeldt urged poor nations to avoid a high-polluting path to modernisation.

"We are very interested to see that countries like India and China do not do the same mistakes all over again," he said.

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Last Updated (Friday, 06 November 2009 09:50)

 
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