Sweden aims to be first fossil fuel-free country

The Swedish Government said it is targeting to become one of the first countries in the world to be free of fossil fuels. It has pledged to boost investment in […]

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By Priyanka Shrestha

The Swedish Government said it is targeting to become one of the first countries in the world to be free of fossil fuels.

It has pledged to boost investment in clean energy projects, with plans for 4.5 billion krona (£0.3bn) in climate projects next year to support its goal.

The government announced it wants to increase aid for solar to 390 million krona (£30m) every year from 2017 to 2019, with a total of 1.4 billion (£0.1bn) krona.

It also plans to focus on electricity storage, with 25 million krona (£1.9m) to be invested next year and 50 million krona per year between 2017 and 2019.

It will also spend 10 million krona (£0.8m) on smart grids and one billion krona (£0.07bn) in energy efficiency.