1% of GDP for Green Transition

The Green Party's shadow budget focuses on climate, energy, and trains. What is required now is not tax cuts for the rich, but large investments in green transition, says the party's economic policy spokesperson Janine Alm Ericson.

» Published: October 03 2024

1% of GDP for Green Transition
Photo: Anders Wiklund/TT

She accuses the government of increasing emissions instead of reducing them with its budget.

The government has managed the feat of increasing emissions during a recession, when they usually decrease, she says.

The budget motion matches the government's regular reform space, but the Green Party proposes an investment budget equivalent to approximately 1 percent of GDP.

The money is intended for investments in, for example, expanding the railway network, industrial development, natural carbon sinks, climate adaptation, and electrification.

This would benefit us now and in the future, says Janine Alm Ericson.

The points where the Green Party's budget alternative differs most from the government's are in investments in climate, environment, energy, and communications, and particularly in trains and public transportation.

The Green Party also wants to introduce an electric car bonus of up to 60,000 kronor, where people in rural areas would receive more than those living in cities.

However, the party is also allocating more money to state subsidies for municipalities and regions than the government.

The government is allowing the healthcare crisis they themselves have driven to continue, says Janine Alm Ericson.

The party says no to further job tax deductions, reduced gasoline and diesel taxes, and the government's other tax cuts. The party also says no to abolishing the flight tax and instead wants to double it.

To finance its proposals, the Green Party suggests several tax increases, such as a bank tax on excess profits, increased progressive capital tax, and increased tax for high-income earners.

Investment in energy efficiency and green basic power of 14.6 billion kronor.

An electric car bonus with a rural profile, maximum 60,000 kronor per car.

A total of 23 billion more than the government on maintenance and expansion of the railway network.

Allocating 5 billion more than the government on protection of valuable forests.

Wants to introduce a Sweden card for public transportation throughout the country.

A preschool billion and 1.5 billion to schools for strengthened equality and free breakfast in schools.

1 billion on crime prevention and 1 billion to social services.

Increased child allowance by 230 kronor per month.

Source: The Green Party

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Carbon Monoxide Blamed for Kebnekaise
1 MIN READ

Carbon Monoxide Blamed for Kebnekaise Deaths, No Crime Suspected

Two Sentenced for Unexploded Grenade
1 MIN READ

Two Sentenced for Unexploded Grenade Attack on Malmö Restaurant

Simona Mohamsson Named New Party
2 MIN READ

Simona Mohamsson Named New Party Secretary for The Liberals

Record Number of Swedes Register
1 MIN READ

Record Number of Swedes Register for University Entrance Exam

Shots Fired at House in
1 MIN READ

Shots Fired at House in Hudiksvall, Police Investigate Attempted Murder

Teen Girl Stabbed on Bus
1 MIN READ

Teen Girl Stabbed on Bus in Eslöv; Four Teens Detained

Demirok Steps Down as Center
1 MIN READ

Demirok Steps Down as Center Party Leader Citing Internal Leaks

Swedish Care Worker Jailed for
1 MIN READ

Swedish Care Worker Jailed for Defrauding Elderly of Millions

Ancient Greek Harbor Unveiled Beneath
3 MIN READ

Ancient Greek Harbor Unveiled Beneath Waters in Asine Discovery

Suspected Murder in Hässleholm: One
1 MIN READ

Suspected Murder in Hässleholm: One Person Detained

Teenage Girl Stabbed on Bus
1 MIN READ

Teenage Girl Stabbed on Bus in Eslöv; Four Teens Arrested

Ex-Regional Official in Sweden Faces
1 MIN READ

Ex-Regional Official in Sweden Faces Charges in Pension Fund Bribery Case

Shingles Vaccine Linked to Lower
2 MIN READ

Shingles Vaccine Linked to Lower Dementia Risk in Older Adults

Critics Challenge Proposal to End
3 MIN READ

Critics Challenge Proposal to End Summer Grazing for Swedish Dairy Cows

Sweden Proposes Transparency for Lottery
1 MIN READ

Sweden Proposes Transparency for Lottery Purchases Supporting Parties

Elderly Man's Death in Gullspång
1 MIN READ

Elderly Man's Death in Gullspång Fire Investigated as Suspected Murder

Sweden Tightens Control on Opioids
1 MIN READ

Sweden Tightens Control on Opioids and Hazardous Substances

Sweden Braces for Economic Impact
2 MIN READ

Sweden Braces for Economic Impact from US Tariffs, Government Warns

Swedish Man Faces Arson Charges
1 MIN READ

Swedish Man Faces Arson Charges for House Fire in Norway

Man Charged in Fatal Lund
1 MIN READ

Man Charged in Fatal Lund Knife Attack Linked to Drug Deal

Electric Scooter Accidents Surge by
1 MIN READ

Electric Scooter Accidents Surge by 30 Percent in 2024, Young Riders Most Affected

Skåne Manager Faces Charges for
1 MIN READ

Skåne Manager Faces Charges for Embezzling Millions from Municipalities

Teen Faces Court in Sweden
2 MIN READ

Teen Faces Court in Sweden for Alleged Sect-Linked Knife Attack

Elderly Man Critically Injured in
1 MIN READ

Elderly Man Critically Injured in Kävlinge Villa Fire

Somalia Expels Swedish Aid Chief
1 MIN READ

Somalia Expels Swedish Aid Chief Anna Saleem Högberg

Sweden Proposes Tighter Security at
2 MIN READ

Sweden Proposes Tighter Security at Migration Detention Centers

Swedish Foreign Minister to Discuss
2 MIN READ

Swedish Foreign Minister to Discuss Journalist's Detention with Turkey

Casino Cosmopol in Stockholm to
1 MIN READ

Casino Cosmopol in Stockholm to Close Following Riksdag Decision

Sweden's Malmer Stenergard to Discuss
2 MIN READ

Sweden's Malmer Stenergard to Discuss Journalist's Detention with Turkey

Parents in Sweden Jailed for
1 MIN READ

Parents in Sweden Jailed for Locking Children in Basement

75-Year-Old Woman Cleared of Murder
1 MIN READ

75-Year-Old Woman Cleared of Murder Charges in Ale

Bribery Convictions in Sweden See
1 MIN READ

Bribery Convictions in Sweden See Rise in Gross Offenses

Suspect Detained in Norrköping Murder
1 MIN READ

Suspect Detained in Norrköping Murder Investigation

Sabotage Cuts Power to 500
1 MIN READ

Sabotage Cuts Power to 500 Homes in Småland, Police Investigate

Twelve Indicted in Major Scania
1 MIN READ

Twelve Indicted in Major Scania Drug Network Bust

Sun-Seeking App Trend Raises Skin
2 MIN READ

Sun-Seeking App Trend Raises Skin Cancer Concerns in Sweden

Sweden Braces for Year's Warmest
1 MIN READ

Sweden Braces for Year's Warmest Day Before Cold Snap Hits

Online Sect's Influence on Teen
4 MIN READ

Online Sect's Influence on Teen Knife Attacks Faces Court Scrutiny

Swedish Man Sentenced to 10
1 MIN READ

Swedish Man Sentenced to 10 Years for Long-Term Abuse of Relative

Man Critically Injured in Sollefteå
1 MIN READ

Man Critically Injured in Sollefteå Workplace Accident