In what has to be an oil company executive’s worst nightmare, Swedish
officials announced plans to completely end dependency on oil – foreign or
otherwise – by 2020.
The Associated Press reported that, while officials in Sweden acknowledge that completely getting
rid of oil in such a short time would be close to impossible, the goal is to at
least make sure Swedes will never be forced to use fossil fuels because other
alternatives are not available.
Sweden’s Prime Minister, Goran Persson, said that the
goal will be achieved by increasing research into alternative fuels, financial
incentives and increasing electricity production from renewable sources.
Financial incentives will include tax rebates for people who switch
from heating their homes with heating oil to renewable resources.
Sweden already has a number of wind and water power
plants and a new wind farm is currently under construction off Sweden’s southern coast, The AP reported.
In 2003, 26 percent of Sweden’s energy came from renewable resources.
Only 32 percent came from oil – and that’s down from 77 percent in 1970,
according to The AP.
Experts estimate Sweden’s biggest challenge will be from the
transportation sector. Only 1 percent of the vehicles in the country operate on