Sweden commits to developing an action plan to implement the Strategy on New-industrialization with the purpose of reacting to global challenges and at the same time creating opportunities for business development and new jobs. The purpose of the strategy is to strengthen Swedish business on a global market, create new jobs and at the same time reduce the negative impact on the environment and the climate. This will be achieved through cooperation, integration, development of tools, new business models, more efficient use of nature resources, a circular economy where material and products are reused, material flows are toxic free and waste is used as a resource. The Action Plan will allow Swedish businesses to compete with sustainable products and services on a global market and at the same time reduce its internal costs.
The commitment falls under focus areas 2,4, 5, 6, 7, and 8 of the Batumi Initiative to promote the internalization of negative externalities and the sustainable use of natural capital; shift consumer behaviours towards sustainable consumption patterns; develop clean physical capital for sustainable production patterns; promote green and fair trade; and increase green and decent jobs, while developing the necessary human capital and Improve access to services, healthy living and well-being.
Implementing partners will include ministries, relevant agencies, business, universities, and research institutes.
This commitment is relevant to the SDGs 1, 7, 8, 9, 12, 13, 14, and 15.