The Scandinavian nation already meets two-thirds of its electricity requirements from non-fossil fuels energy sources, mainly hydroelectric and nuclear.
The Swedish government announced that they plan on spending an extra 546 million USD as a part of their climate change action in 2016. It would be too soon to put a ceiling on the time-frame within which this mission will be completed.
What you may not know is that this Scandinavian nation already meets two-thirds of its electricity requirements from non-fossil fuels energy sources which are predominately hydroelectric and nuclear. The focus will now shift to increasing the solar and wind energy potential, and at the same time, making its transport industry more sustainable. In order to suffice the budget increase, heavier taxes will be levied on petrol and diesel.
The budget will also cover the manufacture of smarter grids, electric bus fleets, subsidies for green cars and on renewable energy storage technology. This quantum leap should come as no surprise since Sweden already has quite an impressive track record when it comes to climate change action. Several cities across the globe are already in the process of making this switch and are eliminating fossil fuels with huge success.