Carbon Tax

Carbon tax is a tax levied by the government on greenhouse gas emissions. Carbon tax can be collected according to emissions, or it can be achieved by taxing carbon emission sources such as fossil fuels. By pricing emission behaviors, carbon tax provides economic incentives for emission reduction actions, encouraging companies and individuals to adopt environmental protection measures to reduce carbon emissions.

Image: Sweden Government

Sweden’s carbon tax policy: Sweden introduced a carbon tax in 1991, becoming the first country in the world to implement a carbon tax. The effect of Sweden’s carbon tax policy is significant, reducing carbon emissions and promoting economic growth. Sweden’s carbon tax rate has been rising year by year and has become one of the highest carbon taxes in the world.