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Åsa Romson is no longer a government minister, Minister for Climate and the Environment, Deputy Prime Minister
Investments in climate change adaptation and energy
The Government wants to take a climate leap that accelerates the transition to a more sustainable society. By taking responsibility for our climate impact in Sweden, we will show the countries of the world the way forward. Sweden must take the lead and become one of the world’s first fossil-free welfare countries.
The Budget Bill for 2016 contains the Government’s investments for the climate in four areas:
More renewable energy
In the long term, Sweden is to have one hundred per cent renewable energy. The Government proposes a considerable increase in solar investment support to speed up the expansion of solar cell plants. Significant interest in solar cells means that previous solar cell support is not sufficient and there is currently a waiting list. The Government therefore wants to increase support to SEK 390 million per year during 2017–2019. It is allocating SEK 225 million to this in 2016, and a total of SEK 1.4 billion by 2019.
The Government also proposes investing in electricity storage and the possibility of storing self-produced electricity. This investment would total SEK 25 million in 2016 and SEK 50 million per year during 2017–2019. The Government also wants to establish a national forum for smart electricity grids for SEK 10 million per year during 2016–2019.
The Government has previously announced investments totalling SEK 1 billion per year to renovate and improve energy-efficiency in multi-dwelling blocks in socioeconomically disadvantaged areas.
The climate change challenge is global and requires a joint solution. The Government proposes an additional SEK 500 million in 2016 for climate financing in developing countries. Strengthening international climate work is particularly important now as it sends clear signals to the world ahead of the COP21 climate summit in Paris. The Government also proposes that the clean development mechanism projects the previous Government entered into agreements on should receive SEK 50 million per year over the next four years. Within the framework of the regular aid budget, Swedfund will be given a capital injection of SEK 400 million to enable more climate and environment investments in developing countries.
A fossil-free vehicle fleet is a priority for the Government. The conditions for environmentally sound cars are being developed through the extension of the fringe benefit tax subsidy. New support is being introduced for electric buses and the super green car rebate is being reinforced. The effect of environmental taxes will increase. New public transport will be created and the Government is investing in the upgrade of the existing railways. Within the framework of a cycling strategy, SEK 100 million is being set aside for measures to promote cycling during 2016–2017.
Involving all of Sweden
Taking responsibility at home is a way of showing global leadership. Investments in environmental technology will increase by SEK 62 million to enable environment and climate technology companies to grow. The previously announced support for local and regional climate investments – the ‘Climate leap’ investment support – will make it possible for municipalities and regions to reduce their climate emissions. The Government is also investing in climate change adaptation. The money will enhance municipalities’ work on climate change adaptation and raise awareness among government agencies, municipalities, the business sector and individuals. A strategy for sustainable consumption is being developed, in which the Government is investing SEK 3 million per year over the next four years.
In total, the Government is investing SEK 4.5 billion in climate measure in the Budget Bill for 2016, including the investments announced in the Spring Fiscal Policy Bill for 2015. Of this, SEK 2.3 billion was also included in the jobs package presented previously. The new initiatives included investments in solar cells, international climate work, environmental technology and a cycling strategy.