The Energy Transition in Sweden

Sweden is positioning itself as a key player in Europe’s energy transition, leveraging its abundant natural resources, innovative technologies, and commitment to sustainability. With significant rare earth deposits, Sweden is at the forefront of the European Union’s drive for self-sufficiency in critical minerals vital for clean energy technologies such as electric vehicles, wind turbines, and batteries. The country’s energy mix is already dominated by renewables, strongly emphasising hydroelectric power, wind, and solar, further complemented by nuclear energy. As Sweden works towards its goal of carbon neutrality, it continues to innovate within the circular economy, focusing on recycling critical metals, including lithium and cobalt, to support its green technologies. Sweden's leadership in ESG principles ensures that its energy and mineral policies remain aligned with global sustainability goals. Furthermore, the country’s strategic geopolitical position within the European Union and its role in the Minerals Security Partnership bolster its influence in regional and global critical mineral markets. With its growing mining sector, Sweden is poised to meet Europe’s increasing demand for raw materials while continuing its commitment to clean energy.