Various attempts have been made to estimate the economic costs of climate change; in 2006 for example, the Stern Review found that it may be economically viable to invest in prevention measures at an early stage. The Green Party recently announced that it wanted to see an updated Swedish review of the costs but Sweden already has such a report.
A report published last year by the Swedish Institute of Economic Research (NIER) indicated that Sweden could benefit to the tune of SEK 1. 5 billion from climate change. Primarily, the forest industry would benefit the most, with a warmer climate turbocharging tree growth. According to many forecasts, precipitation will increase as well, which would benefit agriculture and hydropower. NIER says there is a great deal of uncertainty surrounding the estimate, but its calculations are based on scientific data from the Intergovernmental Panel on Climate Change (IPCC) and the Swedish Meteorological and Hydrological Institute (SMHI).
Runar Brännlund, the author of the report, does not understand the Green Party’s desire for a new report: “Sweden’ population is a permille of the global population, so we cannot influence the climate in that way…. I cannot see any other conclusion being reached than the conclusion we reached, if you keep to the facts and are scientific,” he says.
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