Sweden have successfully used taxes to reduce environmental damage.

Sweden has shown a longstanding commitment to the environment, significantly reducing greenhouse gas emissions, air pollution and nitrogen leaching.

Renewables supply more than a third of its energy needs. Sweden has set itself tough targets for the future, however, and must continue to innovate if it is to meet them, according to a new OECD report.

Sweden is one of the few countries to have successfully used taxes to reduce environmental damage. Strong environmental record, that has encouraged eco-innovation and spurred the use of green technologies.

“Sweden is a frontrunner in using market instruments like green taxes to discourage environmentally harmful activities and foster new technologies,” said OECD Environment Director Simon Upton, presenting the Review’s main findings in Stockholm.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s