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Sweden Today

Swedish news in English

Wednesday, October 9, 2024

Sweden's Bold Climate Policy Shift

Published: 2024-09-11

Sweden's government, led by the Liberals, is making significant strides in climate policy, aiming for net-zero emissions by 2045. The recent policy shift includes welcoming all fossil-free energy sources, notably lifting restrictions on nuclear power, allowing new reactors for the first time in decades.

This move is complemented by support for offshore and onshore wind energy, with incentives for local communities.

A key component of the strategy is the new reduction obligation, increasing biofuel blending in fuels to 10%, which is expected to help meet EU climate targets.

However, the government also plans to scrap emission allowances for industries, reallocating emissions to the transport sector, a move that has sparked debate due to its 4 billion kronor cost.

Despite criticism, the government remains committed to reducing emissions, with projections showing a decrease in emissions in four out of five years from 2022 to 2026. The upcoming autumn budget is expected to further decrease emissions, showcasing Sweden's ambitious and inclusive approach to climate change.