Sweden to invest £485m in climate projects

The Swedish Government has announced plans to invest SEK5 billion (£485m) in environmental and climate projects. The commitment, aimed at cutting emissions and creating jobs, is part of its budget […]

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By Priyanka Shrestha

The Swedish Government has announced plans to invest SEK5 billion (£485m) in environmental and climate projects.

The commitment, aimed at cutting emissions and creating jobs, is part of its budget bill for 2018.

It is said to be the “greatest commitment to climate and the environment ever”.

Investments will be spread over a “large number of measures”, including switching to renewable energy and protecting biodiversity in sea and land.

Deputy Prime Minister Isabella Lövin added: “Our generation should be able to hand over a society to our children where the major environmental problems are solved and where the cities should be living and healthy growing environments.

“There is a lot to be done to it – it has been underinvested for sustainable development for too long.”