So Will Steffen also said:
Over the same period, the Swedish economy has recorded a higher rate of GDP growth than any of the OECD’s “big seven” economies, the US, Japan, Canada, Britain, Germany, France and Italy. So much for the myth that taking vigorous action on climate change will damage or slow the economy. Quite the opposite seems to be the case.
So I downloaded GDP data (at PPP prices) from the IMF for the G7 and also Sweden and Australia for the period 2000 – 2012. I then converted the data to an index (2000 = 100) and graphed the data.
It is true – looking back from 2012 it does appear that Sweden’s GDP growth has outperformed the G7. But some caveats are in order. Sweden is growing off a smaller base than the G7. Sweden has recovered very quickly from the GFC compared to the G7.
Sweden has not grown as rapidly as has Australia.
So Steffen is recommending we follow Sweden’s example because it has grown faster than the G7 while it has slower growth than we have? Try explaining that to the “enraged sans-culottes of western Sydney“.