Background And Plans

Sweden's Nuclear Ambitions: Plans to Expand Power for Climate Change

Background and Plans

Sweden's incoming center-right coalition government has embraced a positive stance towards expanding nuclear power, aiming to construct the equivalent of two new nuclear reactors. This move is part of the government's strategy to tackle climate change and boost energy security.

Financial Implications

The ambitious nuclear expansion plans are expected to incur significant costs. Bloomberg estimates that Sweden could borrow up to 300 billion Swedish kronor (approximately $28.5 billion) to finance the construction of a new fleet of nuclear plants. The government aims to present a legislative framework to facilitate the development of new nuclear facilities.