Sweden poised for green industrial transformation: IEA Report

Electrification is central to Sweden’s decarbonisation plans, but it will demand a system overhaul to manage a potential doubling of electricity needs by 2045. Key challenges include addressing uncertainties around industrial power demand in the north, accelerating offshore wind development in the south, navigating permitting delays for transmission projects, and determining the role of new nuclear power. The IEA recommends that the Swedish government reassess its policies to align with domestic and EU climate targets.

The Sweden’s ability to maintain a competitive edge as an export-oriented economy, home to renowned fashion brands such as H&M, Björn Borg, Tiger of Sweden, and Nudie Jeans, hinges on aligning its energy policies with its ambitious climate goals. By leveraging its low-emissions electricity system and natural resources, the country could establish itself as a global leader in clean energy technologies, acoording to the IEA report.

The 'Sweden 2024: Energy Policy Review' is part of the IEA’s regular assessments of member countries, offering policy recommendations to advance energy transitions globally. The review, conducted in June 2024, underscores Sweden’s promising trajectory but calls for decisive short-term actions to unlock its long-term potential.

Fibre2Fashion News Desk (HU)