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The World Bank has compiled a database that you can query [1]. Sweden's carbon tax is USD $121, the highest in the world. Next best is Switzerland and Lichtenst
by ttul 7y ago
The World Bank has compiled a database that you can query [1]. Sweden's carbon tax is USD $121, the highest in the world. Next best is Switzerland and Lichtenstein tied at $97, followed by Finland at $68.
Sweden's tax covers 40% of emissions from that country. Finland covers 36%. Switzerland covers 33%.
British Columbia's tax is lower, but it covers 70% of carbon emissions - a very broad-based tax. It will be USD $38 in 2021.
Personally, I think it's better for governments to focus on total coverage rather than the price. The more broad-based the tax is, the more efficient it is in shaping the economic development of the region. You don't want carbon "leaking" into sectors where it's cheap to pollute - that's inefficient. Far better to have all sectors equally incentivized to decarbonize.
[1] https://carbonpricingdashboard.worldbank.org/map_data https://carbonpricingdashboard.worldbank.org/map_data