Damage Costs of Nordic emissions of Short-Lived Climate Pollutants and CO2

Nordic greenhouse gas and air pollution emissions continue to negatively affect the environment, human health, the economy, and the possibilities to stabilise climate change. However, there is a lack of knowledge about the damage costs associated with these emissions, especially the damage costs of short-lived climate forcers' (SLCFs) effect on climate change. This report estimates more complete damage costs by incorporating SLCF climate change impact of the emissions and their monetary value. By 2040, SLCF climate damage costs will reach €600M/year in Denmark and Norway, €250M in Finland, and €240M in Sweden. With Nordic CO2 emissions projected to sharply decline, SLCF damage costs may be equally high by 2050. The report calls for policy updates, improved research, and consideration of stronger emission reduction targets.