The United Kingdom introduced

As of 2024, 39 countries have implemented a carbon tax. Most of the Nordic countries have had carbon taxation in place since the early 1990s. Carbon tax has directly caused a reduction in emissions in these countries. In 2015, Sweden reported a 30 per cent drop in emissions as a direct result of the tax scheme. The United Kingdom introduced a carbon tax on the power sector in 2013, which reduced electricity-related emissions by 26 per cent in just three years. Asia is facing headwinds from the European Union with the imposition of its Carbon Border Adjustment Mechanism (CBAM) from 2026, which puts a price on carbon emitted during production of goods that enter the European Union. As the European Union is the ASEAN region’s third largest trading partner, it is imperative for the region’s governments to implement carbon pricing. สล็อต เว็บตรง