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Bad climate policies proliferating: Sweden to cut transport emissions by 70% in 2030 Will cost $5bn (1% GDP loss) per year by 2030 if done *most* effectively Will cut 10.1MtCO₂e, so $500/tonne. Damage reduction is $31/t so $1 will deliver 6¢ of climate benefits Congrats
1% of GDP by 2030 is government's own estimate https://www.konj.se/download/18.db7893816ed591a4754c656/1575987447264/%C3%85rlig%20rapport%202019_kombinerad.pdf … Doesn't include transition costs + make a number of other, unrealistically optimistic estimates (like vastly increased biofuels won't lead to price hikes) p74 They even call this 1% cost 'relatively low' :)
GDP of $506bn in 2030 from SSP2 https://tntcat.iiasa.ac.at/SspDb/dsd?Action=htmlpage&page=30 … 10.1Mt from report, p8 Estimate of $31 across all SSPs and all damage functions, for 2030 fromhttps://www.sciencedirect.com/science/article/abs/pii/S0959378018304424?via%3Dihub …
The cost of this ineffective climate policy is almost twice the entire cost of Sweden's universities (0.6% of GDP) https://www.scb.se/hitta-statistik/statistik-efter-amne/utbildning-och-forskning/befolkningens-utbildning/kostnader-for-utbildningsvasendet/pong/tabell-och-diagram/total-kostnad-per-skolformverksamhet-och-andel-av-bnp/ …
Over the century, this policy will reduce the global temperature rise by 0.0003°C and cost Sweden $650 billion Estimated from 1% of SSP2 Sweden GDP and IPCC estimate of 1,000Gt CO₂ delivers 0.45°C (of 10Mt x 70 yrs)https://royalsocietypublishing.org/doi/10.1098/rsta.2016.0457 …
Talking really is cheaper than walking.
Look at the numbers again ... there is no statistically measurable climate benefit, or did you miss that part. 650 Biliion lost GDP revenue for NOTHING!
Are the emissions from explosive devices detonated in Swedish neighborhoods accounted for in the analysis?
Perspective: Even under RCP 8.5 (which is looking increasingly unlikely), GDP takes a hit of only 0.1% per annum until 2100.
I would seriously question that assumption
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