Strong Public Support for Electrification in Sweden Amid Climate Skepticism

A recent Novus survey commissioned by Fortum has revealed that approximately two-thirds of Swedes support electrification, viewing it as crucial for the country’s energy independence and future climate goals. However, despite this backing, there remains considerable skepticism, with only 10% of respondents believing that Sweden will meet its ambitious target of achieving net-zero emissions by 2045.

The survey underscores a critical demand for increased electricity consumption, seen as essential for the success of electrification efforts. Fortum’s CEO, Peter Strannegård, highlighted this necessity, asserting that the current pace of electrification efforts is insufficient to secure jobs and enhance Sweden's economic resilience. He noted, "In discussions about expanding energy sources, we must also focus on increasing actual demand for electricity."

According to the survey outcomes, 73% of the population believe that electrification would bolster resilience, especially considering Sweden’s historical vulnerability due to its reliance on imported fossil fuels. Currently, Sweden generates more electricity than it consumes, exporting about 20% of its production. Yet, the government has set ambitious plans aiming to double electricity consumption by 2045, a goal that demands more proactive strategies.

Strannegård advocated for lowering electricity taxes and mitigating financial risks associated with long-term electricity contracts for industries, suggesting these measures could stimulate demand and accelerate the electrification process. He pointed out that reducing dependency on fossil fuels is critical not just for climate aspirations but also for geopolitical stability, given that a significant portion of these fuels comes from politically unstable regions outside the EU.

Furthermore, Fortum is committed to expanding its energy production capabilities, including investments in nuclear, wind, solar, and hydroelectric power, as part of its strategy to support the electrification agenda.