The Scandinavian country will cut territorial emissions at least 85% from 1990 levels and offset the rest by investing in overseas green projects.
That was the proposal unveiled on Tuesday by a parliamentary committee responsible for environmental policy, backed by seven out of eight parties. Only the Sweden Democrats, who got 13% of votes in the 2014 election, are not represented on the committee.
It is a speeding up of the low carbon transition, from a previous target to be carbon neutral by 2050.
Deputy prime minister Asa Romson, of the Green Party, told newspaper Svenska Dagbladet there was a good chance of going faster.
She said: “We actually have all the technology we need to be one hundred percent free of fossil fuels. What we do not have is a market for it. We do not have an economy that can do it, so far.”