Nordic Economic Policy Review 2019

Climate Policies in the Nordics

image of Nordic Economic Policy Review 2019

The articles in the 2019 Nordic Economic Policy Review analyse how the Nordic countries best can contribute to international climate policy. The articles cover topics such as: How can the Nordics help raise the ambitions in the Paris Agreement? What is the effect of national policy on emissions regulated by the EU Emissions Trading System? Would it be cost-effective for the Nordic countries to pay for emission reductions elsewhere to a larger extent? What role should be played by subsidies to green technology? Should Norway put more emphasis on supply-side policies, that is, on limiting future extraction of oil and gas? The volume contains five papers with associated comments which were originally presented at a conference in Stockholm on 24 October 2018.



Global Impact of National Climate Policy in the Nordic Countries

The Nordic countries have engaged in ambitious policies to reduce greenhouse gas emissions. This might convince other countries to be more ambitious. We explore mechanisms by which small countries can affect emission reduction programs in other countries. Development of improved clean technologies seems to be the most viable of these mechanisms. Inspired by the philosopher Kant, the Nordic countries may also follow an ambitious climate policy because they want to do their share of a global effort to halt climate change. They should then consider whether they want other countries to follow their choice of policies.


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