Swedish-US Renewable Energy Cooperation
Sweden and the United States have signed a deal to jointly fund projects aimed at developing renewable energy technology.
The Swedish government says it will earmark some 18 million US dollars to the program, including a project with Swedish truckmaker Volvo and its US subsidiary, Mack Trucks.
The deal was signed by Swedish Energy Minister Maud Olofsson, who is also Sweden’s deputy prime minister, and US Assistant Energy Secretary Alexander Karsner. The US has previously signed similar deals with Brazil and China.
As part of the program, the two governments and Volvo agreed to jointly fund a 9 million US dollar project designed to develop trains based on alternative fuels. The deals were discussed by US President Bush and Sweden’s Prime Minister Fredrik Reinfeldt, when the pair met at the White House in May.
The American Ambassador to Sweden, Michael Wood, who also attended the signing, expressed hope that continued co-operation between the two countries might eventually lead to a major technological breakthrough.