Policy Sam Morgan - 27/May/2022

A new way to count greenhouse gas emissions

Regulators normally only keep tabs on the climate-bashing emissions produced within a country’s territory—discounting or even completely ignoring the carbon emitted during the manufacturing and shipping of imported goods. Sweden is bucking that trend with an ambitious new policy

Sweden’s plans may act as a catalyst for other markets to follow suit

SUPPORT POLICIES Sweden’s plan to count consumption-based emissions requires supporting policies to reduce demand for high emitting products

SET AN EXAMPLE Other countries considering similar packages will watch Sweden’s progress closely

KEY QUOTE There is a very strong fairness argument to shift the current logic on its head and place the burden of mitigation on consumers—after all, demand for such products is what ultimately drives their production ...

 

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