Sweden: Finance ministers meet on climate change
Swedish Finance Minister Magdalena Andersson
Photo: Kristian Pohl/Government Offices of Sweden
Representatives of finance ministries from 27 countries, the World Bank, the International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD) will gather in Stockholm, Sweden on Thursday and Friday (October 3-4) to attend a conference held within the framework of the new Coalition of Finance Ministers for Climate Action.
The coalition is a group of ministers who want to step up their engagement on climate change.
Specific taxes on carbon dioxide will be discussed at the conference.
“We finance ministers must take the lead in fighting climate change,” says Sweden’s Minister for Finance Magdalena Andersson.
The coalition of was launched in April and currently has 43 member countries. The group’s aim is to increase engagement and knowledge among the world’s finance ministers.
Sweden and Ms. Andersson have a leading role in the group’s work, which entails finding effective ways to put a price on carbon dioxide emissions. This is also the theme of the conference hosted by Sweden this week.
“Sweden was one of the first countries in the world to introduce a carbon dioxide tax, almost thirty years ago. More countries are now taking an interest in our model, and it is often cited as a successful example, since we have managed to reduce carbon dioxide emissions while maintaining good economic growth,” says Ms. Andersson.
Source: Swedish Government
