Launch of Sweden-U.S. Green Transition Initiative to Accelerate the Climate Transition

25 Mar 2022

The Embassy of Sweden in Washington DC, Business Sweden, the Swedish Energy Agency and Sweden’s innovation agency Vinnova launch the Green Transition Initiative (GTI) to accelerate Swedish-American collaboration in the transition toward a low-carbon economy.

The initiative will strengthen the bilateral partnership between Sweden and the United States in research and development (R&D), innovation, trade and investment by acting as a hub for Swedish and American companies, government agencies and partner organizations.

The goals of GTI are to support the green technology implementation in the United States in sectors such as transportation, energy, industry and sustainable buildings, establish Sweden as a key partner to the United States in its climate transition and promote green jobs.

Sweden is well-positioned to support the United States’ ambitious climate goal of achieving net-zero greenhouse gas emissions by 2050. Sweden aims to become the world’s first fossil-free welfare nation and has a strong collaboration between the academic, private and public sectors with multiple companies at the forefront of innovative green solutions.

An initial project group of four individuals – three in Washington DC and one in Silicon Valley – will lead the initiative. Business Sweden, the Swedish Energy Agency and Vinnova have committed a total yearly budget of 9 million SEK (approximately 1 million USD) for GTI’s implementation.

GTI will formally launch on March 31 during a virtual event hosted by the Atlantic Council Global Energy Center and Europe Center in partnership with the United States Department of Energy and the Embassy of Sweden in Washington. For more information about the Green Transition Initiative, please see the Business Sweden website.

Last updated 25 Mar 2022, 10.00 AM