The first pillar of the national policy is the "Green Transition," which includes investments in sustainable transportation, building energy efficiency, and innovative technologies to minimize GHG emissions, with an emphasis on emission reductions, negative emissions, and adaption measures.
To boost tax collection, the Fund also levies environmental taxes. Reduced taxes on employment and enterprise are meant to be exchanged for lower environmental levies.
Sweden also contains alternative measures to implement the Green Transition in its 2021 budget, with policies meant to support its development until 2030 and 2045. The EU RRF plan includes measures to facilitate the Green Transition. All steps in the recovery plan have been examined to ensure that none of them do major damage to the environment.
Energy-related initiatives in Sweden's recovery and resilience strategy:
- Transition of industrial sector (SEK 2.9 billion)
- Climate change (SEK 5.35 billion)
- Energy efficiency of apartment buildings (SEK 4.05 billion)
- Railway investment (SEK 1.50 billion)
Around 34 billion SEK are available for Sweden's entire financial contribution within RRF. With the aid of substantial claimte-smart technology, Sweden hopes to eliminate all GHG emissions by 2045.