Fredrik Reinfeldt, the Swedish Prime Minister, said yesterday that his country, which takes over the EU presidency today, would present its own example of 50 per cent economic growth since 1990 combined with a 10 per cent cut in CO2 emissions to try to win over sceptics.
OK, good trick, how is it done?
Since 1991 Swedes have paid 20p per litre in carbon tax for petrol, which has helped to cut emissions by 20 per cent, partly by encouraging public transport systems to switch to biogas. “You need to get the right price signals. We introduced a CO2 tax nearly 20 years ago and it is the highest in the world,” Mr Reinfeldt said.
Excellent, so now we know.
Great, let\’s go do that then.
Ah, we already have. The fuel price escalator (fuel duty escalator to others) has added at least 23 p to the price of a litre since introduction in 1993 to meet our \”Rio committments\”.
Even more excellent then, we\’ve already done what we need to do.