Arkiv: Åsa Romson, Klimat- och miljöminister, vice statsminister

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Tal av klimat- och miljöminister Åsa Romson vid seminariet "Climate Risk and the Financial Sector"

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Ladies and gentlemen,

The New Climate Economy has shown that over the coming 15 years, up to 2030, 90 trillion dollars will be invested within energy, urban development and land use. Depending on how these investments are done they can make our climate objectives possible or impossible to reach.

If investments flow the wrong way the climate related risks will be huge. Luckily there are several ways for us as policy makes to support a more long term certainty for investments and help capital to flow the other way - the right way.

One immediate possibility on the global level is an ambitions climate agreement in December. I am convinced that a successful outcome in Paris, providing such long term certainty, will have to include:

  • A long term goal that will keep global warming as far below 2 degrees as possible. This implies that emissions should be near zero or below by 2100 and global emissions should peak as soon as possible.
  • Emission reduction commitments for all countries.
  • A predictable and regular 5 year ambition mechanism in which all parties review their commitments and increase their ambition over time.
  • Transparent and common rules for measuring, verification and reporting of emission reductions.
  • Support to vulnerable countries, to adapt and mitigate risks associated with climate change.
  • Encourage cooperation between public and private sector.

I hope everyone around this table can help push for such an agreement.

We must also recognize the need to strengthen national action. Sweden, like other rich countries, has a responsibility to be frontrunners. The Swedish governments last week announced a new ambition - to become one of the first fossil free welfare nations of the world. That in itself is a strong signal for investments, but not enough, it must be backed by policy measures.

The Swedish state budget adopted this Monday is a clear step towards this ambitious goal. It includes inter alia: investments in renewable energy, public transport and incentives for “green cars”, investment support for local emission reduction initiatives by municipalities, companies and organisations. Energy and carbon taxes are also raised and I’m proud that we have followed the principle that the polluter should pay, while we support good behaviour and clean investments.

While our intentions are good it is always difficult to change incentives in society. As a politician I would warmly welcome stronger demand from the investment community to introduce ambitions and long term policies to reduce climate risks.

2015 is a year of opportunity for several reasons:

  • nations of the world are coming together here in New York to adopt global sustainable development goals hopefully resulting in a revitalisation of global cooperative action on sustainable development;
  • the climate conference in Paris in December;
  • technology and low carbon alternatives are breaking new ground as never before.

In this context I’m eager to listen to you what expectations and criteria you have for a successful outcome in Paris in order to facilitate your work in handling risks, and also what national policies are on your wish lists.

Thank you!

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