Sweden to reach its 2030 renewable energy target this year

Sweden SDGs 2018

Mr Stefan LOFVEN, Swedish Prime Minister. Shoot location: Bruxelles – BELGIUM Shoot date: 29/06/2018 Copyright: European Union

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum.

Author: Alex Gray, Formative Content

Sweden is on target to meet one of its renewable energy targets years ahead of schedule, and it’s thanks in part to wind turbines.

In 2012, Norway and Sweden reached a joint agreement to increase their production of electricity from renewable energy sources by 28.4 terawatt hours (TWh) by 2020.

Sweden then increased its target, with the aim of adding another 18 TWh by 2030.

Taking into account the number of wind turbines already built, plus planned wind turbine investments for the remainder of the year, Sweden is on track to hit its 2030 target – possibly by the end of the year.

Sweden’s energy target

Image: Swedish Energy Association

By the end of 2018, Sweden will have installed 3,681 turbines, with a capacity of 7,506 MW and an estimated annual production of 19.8 TWh.

“After the decision on the increase in ambition was reached, a lot of investment decisions have been taken and many wind turbines are set to be completed in the upcoming years,” Markus​ Selin, analyst at the Swedish Energy Agency, told the World Economic Forum.

According to the Agency, the ambitious targets set for renewables production are now well within reach.

“15.2 TWh of renewable energy projects are in construction today, of which 11.6 TWh is wind power,” he added.

“The joint goal of 28.4 TWh will be exceeded by about 10 TWh. This leaves about 8.7 TWh of the Swedish ambition increase of 18 TWh.”

Energy goals

Sweden has ambitious goals for energy and climate adaptation. It has set a target of 50% more efficient energy use by 2030, and 100% renewable energy production by 2040.

It also has a target of net zero emissions of greenhouse gases by 2045.

As part of the Paris Agreement on Climate Change, the EU set a renewable energy directive that sets a binding target of 20% final energy consumption from renewable sources by 2020.

The vast majority of EU countries are well on track to reach their 2020 binding targets for renewable energy.

The global picture

Since 2010, global installed renewables capacity has been increasing steadily at about 8 to 9% annually, which is more than double the average growth for non-renewables.

In 2017 alone, an additional 167 GW of renewable capacity was installed globally. That is enough to power a country the size of Brazil. The biggest increases were seen in wind and solar.

Asia has seen the fastest rise in renewables in recent years, and now accounts for over 42% of global renewable capacity.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

At Arab League Summit, Guterres reaffirms strong link between UN and people of Arab world

Mixed news about the Eurozone economy

Climate change update: consistent global actions urgently needed as we are running out of time

How fungi could save the world

Fostering defence innovation through the European Defence Fund

Only a few months away from the single European patent space

EU Banks still get subsidies from impoverished citizens

UN gender agency hails record-breaking number of women in new US Congress as ‘historic victory’

European Citizens’ Initiative: Commission decides to register 2 new initiatives

Germany resists Macron’s plan for closer and more cohesive Eurozone; Paris and Berlin at odds

General Data Protection Regulation shows results, but work needs to continue

How water scarcity triggers the refugee crisis – and what tech can do to solve it

Globalization 4.0 must build a better world for working people

3 trends that will transform the energy industry

Why medicine is relevant to the battle against climate change

COP21 Breaking News_04 December: Launch of CREWS, climate risk & early warning systems

AI can help us unlock the world’s most complex operating system – the human body

Anti-vaccine sentiment one of 10 biggest health threats, says WHO

UN agency chiefs condemn Saudi-coalition led air strike that killed dozens in western Yemen

The EU can afford to invest trillions in support of employment

European Energy Union: Integration of markets and need for in-house energy production

Asia-Pacific ‘regional parliament’ underway to advance equality, empowerment, for more than four billion citizens

Commission to decide on bank resolution issues

Mental health and suicide prevention: the contradictory access in a reference city of southern Brazil

How building renovations can speed up the electric vehicle revolution

UN chief urges ‘maximum restraint’ following policy shift over northeastern Syria

A young student discusses the determinants of migration in the European Union

Corruption undermines democracy and contributes to instability, warns senior UN anti-crime official

These EU countries have the most government debt

Mali: Presidential elections critical to consolidate democracy, says UN peacekeeping chief

104 countries have laws that prevent women from working in some jobs

Will Qualcomm avoid Broadcom’s hostile takeover post the 1 bn euro EU antitrust fine?

Time to say goodbye to the plastic straw. But what’s the best alternative?

IMF: How can Eurozone avoid stagnation

UN agencies welcome regional road map to help integrate ‘continuing exodus of Venezuelans’

ECB’s first flight in Eurozone’s banking universe will be just a reconnaissance

European Citizens’ Initiative: Commission registers ‘End the Cage Age’ initiative

The Fourth Industrial Revolution is about to hit the construction industry. Here’s how it can thrive

Deal on protecting workers from exposure to harmful substances

New volunteering programme for young people in Europe and beyond agreed

Lifting the lid on policy decisions across Africa

Venezuela, Poland and Sudan amongst 14 new Human Rights Council members

The European Youth raises their voices this week in Brussels at Yo!Fest 2015

As Marvel’s first comic book fetches $1.26 million, here are five things to know about the superhero business

First EU collective redress mechanism to protect consumers

UN ‘comes together in sadness and solidarity’ to honour staff who died on board Ethiopian Airlines flight

COVID19 Pandemic: The Mental Health of Colored Chicks

Assembly President launches new initiative to purge plastics and purify oceans

Spending another 3 billion euros on Turkey feels better than admitting EU’s failure

EU security and defence industry prepares positions for ‘producers’ and ‘customers’

Impact Investment needs global standards and better measurement

New phenomena in the EU labour market

LGBTQ+: The invisible poor on our healthcare

Kors and Nyong’o: Food, fashion and film join forces at UN, for the world’s hungry

Youth unemployment: think out of the box

Team Europe: EU provides €100 million to Mozambique for education, health and social protection

EU Citizenship Report: empowering citizens and protecting their rights

EU leaders let tax-evaders untouched

COVID-19 highlights how caregiving fuels gender inequality

UN heath agency: Time is now to ‘act as one’ in fighting infectious coronavirus

More Stings?

Advertising

Trackbacks

  1. […] Sweden to reach its 2030 renewable energy target this year […]

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s