Konjunkturrådet 2020

The Council consists of nine researchers in economics, law, science and engineering, which includes IIES professors John Hassler (chairman) and Per Krusell.

In the SNS Economic Policy Council Report 2020: Swedish Policy for Global Climate, the Council proposes the following:

  • Coal is the central threat to the climate - let it stay in the ground. China must get rid of its coal dependency. Likewise, India and the African countries should not follow in China's footsteps with a coal-based development strategy.
  • A global minimum price for carbon dioxide emissions should be introduced and fossil subsidies must be abolished.
  • Green subsidies are not enough to reduce emissions. The use of cheap green electricity is increasing, but that does not mean that fossil fuels will be outcompeted.
  • Swedish climate policy should have as its main goal to reduce global emissions, not just the country's own emissions.
  • Contribute with financial support for the restructuring of other countries. The EU's climate policy has functioning ways to finance emissions reductions for less wealthy member states. However, this increased aid should not reduce Sweden's own climate ambitions.
  • Form climate clubs. Sweden needs to push the issue of climate tariffs on countries that do not stay within a certain level of the emission price. So called climate clubs can be created where countries together set a uniform emission price where imports from countries that are not part of the club are subject to a customs duty.
  • Fossil-free electricity exports can help reduce emissions in the EU to a large extent by pushing out coal power.
  • Finance CCS technology (carbon dioxide collection and storage) by introducing a storage fund. In this way, carbon dioxide, corresponding to half of Sweden's emissions, can be taken care of at a cost equal to what the state collects via the carbon dioxide tax. This requires state funding which should be designed as a contribution per tonne of collected and safely stored carbon dioxide.

The report was released on January 15, 2020 and can be read in its entirety at Studieförbundet Näringsliv och Samhälle (SNS) (in Swedish).