Energy

Belgium, Bulgaria, Croatia, Czech Republic, Finland, France, Hungary, Italy, Netherlands, Romania, Slovenia, Slovakia, Sweden; Poland as observer, due to their Presidency; Estonia, as observer.

Sweden faces considerable problems with volatile electricity prices for households and businesses and imbalances in the electricity system. To deal with this, the fossil-free base load needs to be expanded. In March 2025, the Government adopted the Financing and risk sharing in new nuclear power Government Bill, which included proposals for state aid to companies that want to invest in nuclear reactors. The Riksdag has now decided to adopt the Government’s proposal.

In a government bill submitted to the Riksdag last week, a new Act is proposed concerning state aid for companies looking to invest in new nuclear power reactors. A memorandum that will be referred for consultation today proposes supplementary provisions on how companies’ applications for aid should be structured.

Belgium, Bulgaria, Croatia, Czech Republic, Finland, France, Hungary, Netherlands, Romania, Slovenia, Slovakia, Sweden; Poland as observer, due to the Presidency; Estonia, Italy, as observers.

Joint Statement by Nordic Baltic Foreign Ministers on energy situation in the Republic of Moldova, January 7, 2025

On 22 September, the Global Digital Compact (GDC), the first framework for global governance of digital technology, was adopted in connection with the UN Summit of the Future in New York. The Swedish Government was represented by Minister for Energy, Business and Industry and Deputy Prime Minister Ebba Busch. The GDC is one of the most concrete aspects of the multilateral Pact for the Future adopted by UN Member States ahead of the 2024 General Assembly. Other key discussions addressed the UN’s Sustainable Development Goals (SDGs) for 2030, energy policy, development issues and how to achieve the global climate goals.

Yesterday, 23 September, Minister for Energy, Business and Industry and Deputy Prime Minister Ebba Busch took part in a meeting between ministers and other high representatives of countries that backed a COP28 declaration on the need to triple production of nuclear energy by 2050. In conjunction with the meeting, global banks and financial institutions backed the countries’ ambition to increase production of electricity from nuclear energy.

On 21–23 September, Minister for Energy, Business and Industry and Deputy Prime Minister Ebba Busch will take part in the opening of the UN Summit of the Future in New York. Ahead of the Summit, Sweden has played an important role leading negotiations on the new Global Digital Compact. In conjunction with the Summit, Ms Busch will attend a G7 ministerial meeting on continued energy support to Ukraine. She will also meet representatives of governments, banks and industry to discuss the role of nuclear energy in the green transition.

On 17 September, Minister for Climate and the Environment Romina Pourmokhtari is attending the International Atomic Energy Agency (IAEA) General Conference. Sweden’s participation is focused on highlighting Sweden’s new nuclear energy policy in the international arena, and also the consequences of Russia’s full-scale invasion for Ukraine.

Sweden and the United States have entered into a new agreement to further the development of new nuclear power. Minister for Energy, Business and Industry Ebba Busch has signed a memorandum of understanding (MoU) on bilateral nuclear cooperation in Washington, D.C. with US Secretary of Energy Jennifer Granholm. This agreement aims to strengthen cooperation between Sweden and the United States to support the development of new nuclear power. 

The Government has decided that Svenska kraftnät, Sweden’s power grid authority, may provide backup power generators to Ukraine, to support the country’s energy supply.

Prime Minister Ulf Kristersson and President Emmanuel Macron have signed a renewed strategic innovation partnership declaration between Sweden and France. It includes new areas such as nuclear energy, forestry and security.

At COP28 in Dubai, Sweden joined a number of international initiatives to speed up the climate transition in various ways. These include a declaration to triple global capacity of nuclear energy, and initiatives for carbon pricing and climate transition in industry.

Opinion piece of 30 November 2023 by Prime Minister Ulf Kristersson, Minister for Energy, Business and Industry Ebba Busch, Minister for Climate and the Environment Romina Pourmokhtari and Minister for International Development Cooperation and Foreign Trade Johan Forssell.

On Saturday 2 December at the UN Climate Change Conference (COP28), Prime Minister Ulf Kristersson, French President Emmanuel Macron and the United States Special Presidential Envoy for Climate John Kerry – together with heads of state and government, ministers and industrial leaders from some 20 countries – launched a declaration for strengthened cooperation in the area of civil nuclear energy.

The countries are working together to build economic resiliency and provide new market opportunities for Canadian and Swedish businesses. The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, and Ebba Busch, Minister for Energy, Business and Industry and Deputy Prime Minister of Sweden made the following statement.

Research and innovation promote progress in the energy sector. Minister for Education Mats Persson today signed an implementation agreement for energy research cooperation with the United States. The agreement was signed in the Reactor Hall at KTH Royal Institute of Technology, where research reactor R1 – Sweden’s first nuclear reactor – contributed to research between 1954 and 1970.

The UK and Sweden share historic ties of friendship and are essential allies. We have forged a strong partnership, based on shared values and in support of multilateralism and a rules-based international order. We are united in our steadfast commitment to working together for the security and protection of our citizens and to strengthen European security as a whole. This Leaders’ Statement celebrates and reasserts the enduring and extensive connections between the United Kingdom and Sweden, which benefit from the agreements between the United Kingdom and the European Union, of which Sweden is a member.