Sweden Is Retreating From Its Bold Green Ambitions

Emissions are rising again, and companies are in financial trouble

The Stegra green steel factory under construction in Boden, Sweden, on Dec. 12. 

Source: Stegra AB

Six years ago, the cobbled square outside Sweden’s parliament buzzed with energy as Greta Thunberg and her “Fridays for Future” demonstrators urged passing lawmakers to act on climate change through loudhailers and whistles.

On a recent Friday, it was far different. Two protesters, a small cardboard sign and a quiet vigil.