Sweden has shown a longstanding commitment to the environment, significantly reducing greenhouse gas emissions, air pollution and nitrogen leaching.
Renewables supply more than a third of its energy needs. Sweden has set itself tough targets for the future, however, and must continue to innovate if it is to meet them, according to a new OECD report.
Sweden is one of the few countries to have successfully used taxes to reduce environmental damage. Strong environmental record, that has encouraged eco-innovation and spurred the use of green technologies.
“Sweden is a frontrunner in using market instruments like green taxes to discourage environmentally harmful activities and foster new technologies,” said OECD Environment Director Simon Upton, presenting the Review’s main findings in Stockholm.