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Sweden to invest more in energy research: autumn budget

(Xinhua)

15:01, September 13, 2012

STOCKHOLM, Sept. 12 (Xinhua) -- The Swedish government decided to increase input for energy research to 1.3 billion Swedish kronor (about 197 million U.S. dollars) each year in the next three years, announced the government on Wednesday.

The decision, stated in the government's autumn budget, also meant that permanent input in the field from the government would be 1.4 billion Swedish kronor (about 212 million U.S. dollars) from and after 2016.

"The world is faced with global challenges of climate. Our generation's moral responsibility is to convert our society into a sustainable one and have a sustainable future," said Anna-Karin Hatt, Minister for IT and Energy of Sweden.

"It means that we have to develop new technologies so that we can use energy more efficiently than today," she added.

In the autumn budget, the government also stated that input in energy research would remain the government's priority and would be successively strengthened until 2016 when the input became permanent.

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