Climate policies and Sweden’s green industrial revolution
Sweden is among OECD best performers in reducing greenhouse gas emissions, much thanks
to a comprehensive policy framework and relatively efficient policies. There is nonetheless
room to further improve consistency of targets and policies, notably for transport,
agriculture and carbon removals. Sweden’s long record as a climate frontrunner is
also threatened by policy changes moving the 2030 reduction target out of reach unless
compensated by new ambitious measures. A green industrial revolution is gaining momentum
in Sweden’s north, fuelled by an abundant supply of clean electricity. Considerable
investments in electricity generation, storage and transmission are needed, but long
planning and permitting procedures slow many key projects down. The green revolution
depends on people and skills to run industry and complementary public services. This
is a challenge for northern regions and municipalities already facing labour shortages.
Published on December 05, 2023
In series:OECD Economics Department Working Papersview more titles