Ten billion kroner for Sweden’s upcoming climate budget

Sweden's red-green coalition government has no position on climate change yet, ahead of a major EU summit.(iStock)
“This is not just the biggest budget, it is also the greenest,” said Green Party spokesperson Per Bolund. (iStock)
Almost ten billion kronor in the upcoming autumn budget will go to measures that help cut climate emissions in industry and transport, the government says.

At a press conference on Monday, the Green Party spokespeople Per Bolund and Isabella Lövin presented 9.7 billion kronor investments that make up about ten per cent of the government’s budget for next year.

“This is not just the biggest budget, it is also the greenest,” said Bolund, who particularly stressed the importance of what they call “green credit guarantees”, a system where the state steps in to quarantee loans that companies need to make climate friendly investments and cut emissions. This system will now be extended.

The Autumn budget will be presented in its entirety next week.

Radio Sweden

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Related stories from around the North:

Canada: Climate change creating vast new glacial lakes, with risk of ‘gargantuan’ floods, researcher says, The Canadian Press

Greenland: Rise in sea level from ice melt in Greenland and Antarctica match worst-case scenario: study, CBC News

Finland: Miners hunting for metals to battery cars threaten Finland’s Sámi reindeer herders’ homeland, Yle News

Iceland: Arctic Science Ministerial postponed to 2021 due to COVID-19, Eye on the Arctic

Norway: Climate change hits back at Svalbard, coal mine flooded by melting glacier in Norway, The Independent Barents Observer

Russia: Record-warm Arctic summer fatal to wild reindeer in Russia, say environmentalists, The Independent Barents Observer

Sweden: Extra billions to SAS – but with stricter climate requirements, Radio Sweden

United States: Bering Sea ice at lowest extent in at least 5,500 years, study says, Alaska Public Media

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