The Industrial Leap
The Swedish Parliament has adopted the climate target - net zero emissions of greenhouse gases by 2045 and thereafter negative emission. The Industrial Leap was introduced by the Swedish Government in 2018 to support the transition.
Swedish industries account for one third of the Swedish fossil greenhouse gas emissions. The green transition of the industrial sector is therefore crucial to reach the climate target. Extensive investments in development and implementation of technologies are required.
The Industrial Leap supports technological advances that can contribute to the transition within three areas:
- Reduced greenhouse gas emissions from the process industry
- Negative carbon dioxide emissions/BECCS
- Strategically important initiatives within industry that support the net zero emission transition on a societal level.
The Industrial Leap comprises a total of 909 million SEK in 2022 and projects that run until 2029 can be funded. The venture is part of the EU Recovery and Resilience Facility (RRF) and Next Generation EU.
The Swedish Energy Agency is responsible for the Industrial Leap. Funding can be given to all type of research and innovation projects as well as investments.