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Euronews Green

Gothenburg fined for missing renewable energy goal. Here’s why it’s happy to take the hit

Gothenburg Renewable Energy

The Swedish city of Gothenburg has put itself in the unusual situation of being fined for missing environmental targets.

Sweden’s second biggest city is believed to be the first local government in the world to take out a "sustainability linked loan" or SLL. This type of financing requires the borrower to meet agreed environmental and social goals each year or face financial penalties

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