Swedish government invests heavily in environmental protection and climate

Swedish government announced Wednesday that it will invest 2.9 billion Swedish kronor (about US$300 million) to protect nature and respond to climate change as an important part of the country's autumn budget that year.

Sweden's Deputy Prime Minister and environment and climate minister, Isabella Levin, said in a press release that climate change and the rapid disappearance of species are taking place and Sweden is also affected. Therefore, the government once again made "historic large-scale investment" in the field of environmental protection and climate.

In response to climate change, part of the 2.9 billion Swedish kronor investment will be used to encourage companies to transition to low-emission transport solutions, including greater use of shipping and the choice of vehicles powered by electricity or biogas. In addition, the government decided to increase subsidies for the purchase of low-emission or zero-emission vehicles, as sales of low-emission vehicles performed better than expected.

In terms of protecting the natural environment, Sweden will intensify efforts to manage nature reserves, purify coastal waters and eliminate eutrophication. Over the next three years, 70 million Swedish kronor ($7.25 million) will be spent to protect pollinating insects such as bees.