Does Sweden's Carbon Emission Tax Work After 30 Years?

Sweden first started taxing energy in the 1920s and went on to being in the world's second country to tax carbon emission in 1991, after Finland. The tax's aim was to discourage businesses from having high emissions. The higher the emissions - the larger the tax bill. However, the tax has become a victim of its own success as revenues from the tax have lowered significantly, along with the emissions it was designed to prohibit.

Here's explanation by Elke Asen, the Global Tax Policy Analyst of the Tax Foundation.

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[Jennyoy]

A huge revenue coming into Sweden coffer if she applies this carbon tax on the Chinese products.

[ВладимирКиселёв-ъж]

In 2020, the use of hydrocarbon fuels, according to the International Energy Agency, decreased by 8%. Why then did a drought begin in Europe?

At the same time, the amount of precipitation has decreased worldwide.