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Sweden

Swedish 2021 budget to include $1.1 bln in climate measures

cde.news desk · 1 min read
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A general view of Stockholm city centre, with one of city landmarks, the Gamla Stan (old city) with the tower of the German church (C) and Storkyrkan church (C-L) as seen from Slussen, Stockholm, Sweden. EPA/MAURITZ ANTIN

Sweden’s Social Democrat and Green minority government said on Monday its 2021 budget would contain 9.7 billion Swedish crowns ($1.11 billion) in new spending aimed at fighting climate change.

The measures include raising the subsidy for people buying electric cars, extra cash for public transport, money for climate-smart renovation of public housing, support for biofuels and for building cycle-paths.

The government has said the budget, to be published on Sept. 21, will contain more than 100 billion in new spending aimed at kick-starting the economy following the coronavirus pandemic.

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