Looking beyond that, Sweden is a small and very open economy. At first glance, according to current predictions, we are not as vulnerable to climate risk in our own country as many other countries further south in Europe, but also globally.
Q: How does cascading climate risk affect Sweden?Ī: For one, taking into account cascading climate risk shifts the understanding of Sweden’s vulnerability to climate risk. That climate risk in turn has impacts across the Caribbean, including in Jamaica, which currently sources 87% of its maize production from the US. For example, changes in rainfall patterns and extreme weather events have an impact on the production of maize in the US. Risks from climate impacts cascade through the pathways of trade, finance and investments, people and biophysical flows such as rivers or shared ecosystems. We look at similar effects and focus on climate impacts. These effects are still being felt today and some predict they will drag on throughout this year, 2022, and possibly longer. And that has made it easier for many to understand.Īn interesting example is the global shortage of computer chips that occurred last year, where lockdowns in Asian countries aimed at reducing the spread of the virus there led to suppliers producing fewer chips, combined with a global surge in demand of these chips, simultaneous storms in Texas and fires in Japan and challenges in congested shipping logistics, had dire effects for wide sectors of the global economy, including car manufacturers and the electronics industry.
I think with Covid-19, we’ve seen many cascading effects also interacting with weather events, causing delays and disruptions in supply chains around the world. Q: Can you explain in simple terms what transboundary climate risk is?Ī: For a lot of people, including those working with adaptation, transboundary or cascading climate risk can be a new concept and sometimes a challenge to get your head around at first.
The Mistra Geopolitics programme made it possible for us to have informal conversations, participate in workshops, help with examples to the report and bring in our expertise on transboundary or cascading climate risk in many different ways. Q: How have you contributed to this report?Ī: My colleagues and I have been engaging with the experts on this council since they started the writing process about two years ago.
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