New energy taxes will be needed for Sweden to meet the target, according to the report from the Swedish Environmental Protection Agency (Naturvårdsverket) and the Swedish Energy Agency (Energimyndigheten). Changes will also be needed in the emissions trading scheme and major investments will be needed in developing countries, the agencies argue.
“We can accomplish this with relatively small effects on the Swedish economy,” said Lars-Erik Liljelund, director general of the Environmental Protection Agency.
“But it is crucial that the state takes powerful measures to direct the process. This is not going to happen by itself,” he added.