- Several countries have implemented measures to reduce carbon emissions, including environmental regulations, emissions trading systems (ETSs), and carbon taxes.
- Finland was the first country to introduce a carbon tax in 1990, and since then, 18 European countries have implemented carbon taxes.
- The rates of these taxes vary, with Sweden, Liechtenstein, and Switzerland having the highest rates.
- Carbon taxes can be levied on different greenhouse gases, and the scope of each country’s tax varies.
- All EU member states, along with Iceland, Liechtenstein, and Norway, are part of the EU Emissions Trading System.
- Some countries have overlapping national carbon taxes and ETSs, leading to double taxation. Some countries also apply multiple taxes or ETSs at different rates.
- Catalonia is considering implementing a subnational carbon tax.
Source Tax Foundation
Latest Posts in "Europe"
- Navigating SAF-T in Europe: Country-Specific Compliance Challenges and Best Practices for 2026
- Overview of Standard, Reduced, and Super-Reduced VAT Rates in Europe for 2026
- Pre-Filled VAT Returns in Europe: Current Landscape and Future Plans
- European VAT Handbook 2025-2026 by Zampa Partners
- VAT in Europe: Comparing Key Differences Across Selected Countries (Infographic)
