Sweden plans to invest more in renewable energy

With already $1 billion invested in alternative sources of production, Sweden plans to produce more using renewable sources.

Sweden plans to invest more in renewable energy

World Bulletin/News Desk

With almost 50 percent of power generation in Sweden derived from renewable sources, Sweden’s energy future depends on increasing that percentage and cooperating with neighboring countries on energy, says Valdur Lahtvee, director of the Climate and Energy Program at the Stockholm Environment Institute Tallinn Centre.

"Sweden has very good natural conditions for renewable energy. We already have massive hydropower production and we are currently developing a lot of bioenergy" said Thomas Sterner, Professor of Environmental Economics from University of Gothenburg. "What's more, consumption may be reduced in Sweden as, even though it is a country with cold weather, it is perfectly possible to build comfortable modern houses that use good insulation to keep heat in.

The Eurostat report, which was published in May 2014, forecast that by 2020, Europe plans to supply 20 percent of its energy from renewable sources. Norway and Sweden are the leading countries in using renewable energy. Sweden, Bulgaria and Estonia reached their 2020 targets in 2012 relative to the share of renewable energy in total energy consumption.

Sweden could become a net exporter of electricity thanks to its extensive hydroelectric generation, according to the International Energy Agency. In 2013, Sweden produced 25.5 gigawatts of energy from renewable resources. This year, the country expects to produce 26.6 gigawatts. Its increasing production can eventually be used to export electricity to Central and Northern Europe.

In the context of climate change, the European Commission has developed an "Energy Roadmap 2050" that elaborates the EU’s commitment to reduce its greenhouse gas emissions by 80 percent  to 95 percent below 1990 levels by 2050. The roadmap promotes a stronger use of renewable energy sources, increased energy independence.

 

Güncelleme Tarihi: 08 Ekim 2014, 12:43
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