Stockholm: Recently, the Swedish government had announced that they will be spending an extra $546 million (£360 million) on renewable energy and climate change action, beginning with their budget for 2016.
With this step, the Swedish government aims to become one of the world’s first nations to end its dependence on fossil fuels.
Considering that Sweden already get two-thirds of their electricity from non-fossil fuel energy sources, the goal seems reachable.
The government also announced that it will be spending money on smart grids, renewable energy storage technology, an electric bus fleet, subsidies for green cars, and climate adaptation strategies. They will also be renovating residential buildings to make them more energy efficient.
“2015 is our opportunity, a chance to, in dialogue with all the countries of the world, change course towards a new development path where we can succeed in generating welfare for all, not at the planet’s cost but in cooperation with it,” said Johan Rockström, one of the Swedish Prime Minister’s key advisors.