Meanwhile local ‘district heating’ plants are using excess heat to produce over 75% of the warmth that Swedish households need. The country also manages to combine the world’s highest carbon taxes with relatively cheap energy prices.
These are all reasons why Sweden tops the Forum’s Energy Transition Index - providing environmental leadership at a time when a Great Reset has never been more needed. Here’s how Sweden is building up local solutions in its energy revolution.
54% of Sweden’s power comes from renewables, and is helped by its geography. With plenty of moving water and 63% forest cover, it’s no surprise the two largest renewable power sources are hydropower and biomass. And that biomass is helping support a local energy boom.
Heating is a key use of energy in a cold country like Sweden. In recent decades, as fuel oil taxes have increased, the country’s power companies have turned to renewables, like biomass, to fuel local ‘district heating’ plants.