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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 …
As though biofuels themselves aren’t environmentally devastating...
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