Significantly, Sweden's boost for renewables comes in the run-up to the UN Conference on Climate Change (COP21) that will be held in Paris in late November. In 2014 plans were announced to make Stockholm fossil-free by 2050.
- smart grids
- renewable energy storage technology
- an electric bus fleet
- subsidies for green cars
- climate adaptation strategies
- renovation of residential buildings to make them more energy efficient.
Much of the money will come from higher taxes on petrol and diesel fuel. Research on renewable energy storage technology is seen as particularly important, given the inherent unreliability of wind and solar generation in many countries. Sweden is also planning to close down some of its aging nuclear power stations, as part of the shift towards renewables. Sweden has recently experienced summer heatwaves, and seeks to be a leading force for climate adaptation globally.