Swedish ministry issues HFC tax proposal

Jul. 14, 2009 – The Swedish Ministry of Finance has published a proposal on introducing a tax on HFCs. The proposed tax is expected to decrease emissions by around 0.1 million tonnes of CO₂ equivalents by 2020, while a proposed premium to be paid when HFCs are delivered for destruction will contribute to further reductions.

Responding to a government instruction issued on September 2008 to investigate whether a tax would be the most appropriate instrument to reduce emissions of F-gases, the Swedish Ministry of Finance (Finansdepartementet), has published a proposal on introducing an HFC tax in Sweden. The conclusion of the Inquiry is that a tax on HFCs is the most appropriate instrument to reduce emissions of F-gases.

The proposal is now open for consideration until the 5th of October. If accepted, the proposed tax on HFCs, together with the proposed premium, should be possible to enter into force on 1 July 2010.

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Source: R744.com