Grant Thornton
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2008-09-12

Expansion abroad benefits from
“new climate” investments

In the government’s 2009 budget, more than SEK 3 billion will be allocated to the climate and energy areas. Birgitta Resvik at the Confederation of Swedish Enterprise believes that this will benefit many Swedish companies in the global market.


TO REACH THE EU
energy and climate goals, the Swedish government is presenting an extensive action package in next year’s budget. An increase in third world climate investments, greater investments in development, commercialisation and distribution of new energy technology as well as foreign aid climate condition prerequisites, are some examples.

 

 
BIRGITTA RESVIK IS working with energy and climate issues at the Confederation of Swedish Enterprise. She is positive towards the government’s proposal. Further commitment in environment technology in third world countries will be a step forward to distribute new energy technology around the world.

- Foreign aid climate condition prerequisites could be an opportunity for Swedish companies to distribute adequate technology to third world countries, she says.

According to Birgitta Resvik, there are several Swedish companies with inexpensive products that don’t require expansive infrastructure. They are often working with solar energy and interested in introducing their products to third world countries but lacking financial support.

- You have to look at foreign aid as an investment and as a win-win situation. From an environmental perspective, this may result in a substantial reduction of pollution. In addition, Swedish companies will develop and expand simultaneous with the progress in these countries.

 

SWEDEN IS AT THE LEADING EDGE in research and development of new energy technology. To facilitate in going from research to commercialisation, the government will invest more in this area.

- There are many Swedish products very close to the commercialisation phase that need extra financing for a market breakthrough, says Birgitta Resvik. For example, companies in biogas and hybridisation have difficulties finding venture capital. That is why these government investments are important.

 

LATER THIS FALL, the government will present a parliament proposal regarding climate and energy with detailed investment suggestions.

   

 

Emelie Ring

Climate and energy investments in 2009

  • SEK 875 million dedicated to development, commercialisation and distribution of new energy technology.
  • In 2009-2011, SEK 339 million will be invested in energy technology beneficial to climate, but not yet commercially competitive.
  • SEK 670 million to climate investments in third world countries in 2009-2011.
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