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Sweden Makes Moves to Stop Using Fossil Fuel and Run Entirely Off Renewables

Posted by on October 13, 2015 in Eco-Friendly, Environment with 12 Comments

swedenBy Rob Hoffman

Sweden just released its 2016 budget, which is likely to break a few hearts in the oil sector. The budget, which was made public a few weeks back, reveals plans to spend an additional $546 million (US) on renewable technologies and ecological initiatives, in order to push forward their goal of becoming one of the “first fossil-free welfare states in the world,” as Prime Minister, Stefan Löfven proudly announced.

Related Article: Sweden Shifts to a 6-Hour Work Day – Should This Be the New Norm?

Last year, Sweden released an expected deadline of 2050 for eradicating fossil fuels from their capital city, Stockholm, and currently two-thirds of Sweden’s power is generated by fossil-fuel alternatives. As it stands, the country’s two foremost energy sources are hydroelectric and nuclear. However, according to The Ecologist, Sweden also has plans to put the kibosh on their deteriorating nuclear plants to make way for more sustainable alternatives, like solar and wind. By 2019, Löfven plans to allocate an annual 58.4 million dollars (US) towards solar initiatives, according to Bloomberg Business. So far, they’re ahead of schedule and it seems likely that they will hit their target in the next year-and-a-half.
The Swedish government announced that these funds will be used to increase “climate financing in developing countries,” and increase their extensive reserve of solar cells and green cars.

In order to generate sufficient capital for these initiatives, Sweden plans to implement heavy petroleum and diesel taxes. Finance minister, Magdalena Andersson, hopes that Sweden’s actions will spark international movement towards a more realistic and sustainable climate agreement. With this in mind, Sweden will be “investing in climate financing in developing countries, solar cells and green cars, as well as increased environmental taxes,” Says Andersson.
By increasing petroleum and diesel taxes, the country hopes to spark an international movement towards battling climate change.

2_Sweden discontinue fossil fuelPrime Minister, Stefan Löfven, has said about his nation’s ecological-superhero status, “When European regulations do not go far enough Sweden will lead the way.” As IFLScience points out, Sweden’s budgetary announcements were also aligned to, potentially, influence the decisions that will be made at the UN’s Paris Climate Change Conference, taking place this November.

Related Article: 5 Countries That Prove the World Doesn’t Need Fossil Fuels


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  1.' Gabriela Filkin says:

    This is the way to stop these wars over oil!

    •' Rhea Foster says:

      the true bottom line is the money for oil, true, but billions more going to contractors, manufacturers and investors, plus we, the people, finance it all with no interest. sweet deal!!

    •' Gabriela Filkin says:

      If eliminate our reliance upon oil we kill more flies with one swat: pollution is addressed, climate change redressed, reduce the need for scramble for these oil fields. We cannot undo the stupid & nasty past, but can start building a hopefully, a better future.

    •' Kia Noush says:

      Most importantly countries are not invaded under the pretense of something else to rob the oil fields killing thousands of innocent people destroying their lives while supporting the war industry.

    •' Judy Jones says:

      its would not stop wars because that big business, they would fight over twinkies if it means million on cold hard cash.

    •' George Nemeth says:

      It’s more about religion than oil.

  2.' Jackie Lally says:

    Hmmm how can u run a country on wind and solar? What happens when the wind stops blowing?

  3.' Louis Pace says:

    Great to hear this. Hope all smart others follow.

  4.' David Jackson says:

    According to the Swedish government 78% of their power is generated by nuclear and hydroelectric, 10% from bio fuel, 4% wind, and 8% is imported from other nations. The effort is 100% laudable, but can we make an effort to get the facts before publishing such things? They already make over 2/3 rds of their energy from fossil fuel alternatives.

  5.' Kelly Rush says:

    Easy to do with a population of 6 million people. Not so much with 350M.

  6.' Jemar Pamat Espera says:

    Vortex technology has been already introduced. Energy that we can harness from the sun, wind, water, in short in nature without harming the earth is not an issue anymore. This technology is the breakthrough that will replace fossil fuel.

  7.' Hannah Zimmerman says:


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