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CeCAR Attends World Bank Carbon Tax Workshop at Swedish Ministry of Finance

News: Oct 17, 2019

(Smog over Shanghai, China. Source: Holger Link, Unsplash)


Over 60 researchers, practitioners, and policymakers from around the world attended a key climate change workshop organised by the World Bank, the Swedish Ministry of Finance, and the Climate Action Peer Exchange. The event, entitled "Workshop on Carbon Taxation", focused on improving the success of carbon taxes. These types of taxes are one of the major tools available to politicians attempting to reduce carbon emissions throughout the world.
Held on October 3-4, the event was attended by CeCAR Director and Professor of Political Science at the University of Gothenburg, Sverker Jaggers, and Thomas Sterner (Professor of Economics, University of Gothenburg), and included keynote addresses from Magdalena Andersson (Swedish Minister for Finance), and Per Krusell (Professor of Economics, Stockholm University). Some of the major themes addressed at the workshop included: "How can we make carbon tax administration easy?"; "How best do we compensate vulnerable groups by increased energy prices?"; and, "How can we increase public acceptance and design feasible policy packages?"

Following the workshop Sverker Jaggers acknowledged the difficulties faced with carbon taxes: "Effective and cost-efficient carbon taxes will never be successfully implemented unless there is sufficient public acceptability for them. Public support can only be achieved by implementing different strategies that take into consideration the economic and cultural differences found in societies where governments are showing interest in adopting such policy instruments."

In a press release Swedish Minister for Finance, Magdalena Andersson, highlighted the importance of Swedish leadership in the battle against climate change: "Sweden was one of the first countries in the world to introduce a carbon dioxide tax, almost thirty years ago. More countries are now taking an interest in our model, and it is often cited as a successful example, since we have managed to reduce carbon dioxide emissions while maintaining good economic growth."

The two-day workshop, hosted at the Swedish Ministry of Finance in Stockholm, and attended by representatives from 28 countries, is part of a larger initiative of the World Bank Group and the International Monetary Fund known as the 'Coalition of Finance Ministers for Climate Action.' This initiative was launched earlier this year.

To learn more about the Coalition for Finance Minister for Climate Action visit their website: https://www.cape4financeministry.org/


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Utskriftsdatum: 2020-07-11