Sweden is a global leader in building a low-carbon economy, with the lowest share of fossil fuels in its primary energy supply among all IEA member countries, and the second-lowest carbon-intensive economy. Sweden pays special attention to transport-related emissions.
This sector accounts for less than a quarter of Sweden’s final energy consumption, but over half of its energy-related CO2 emissions. Sweden has set a target to reduce transport emissions by 70% between 2010 and 2030.
Sweden has been successful in its energy transformation by focussing on energy efficiency and renewable energy, notably CO2 taxation, which has helped drive decarbonization across several sectors. In an energy agreement and climate framework, Sweden has an ambitious target of reaching zero net emissions by 2045. Sweden’s energy transition can bring about strong economic growth.
The electricity system is another important element in Sweden’s energy transition. Sweden has largely decarbonized its electricity generation through investments in nuclear power, hydropower, and other renewables. This is an important achievement that needs to be sustained. Sweden has not taken a formal position against the construction of new nuclear plants and most existing nuclear power plants are expected to run for the next several decades before being phased out. Sweden has set an ambitious target of achieving 100% renewable electricity generation by 2040.
One key factor for maintaining a secure electricity supply is the regional power market. Sweden is well‑connected with its Nordic and Baltic neighbors and has become a large net exporter of electricity. As the share of wind power continues to increase, supported by green electricity certificates, regional trade becomes even more important.
Sweden believes in market integration to support the continued energy transition in their region.