Svebio becomes a partner of the Carbon Pricing Leadership Coalition
The Swedish Bioenergy Association (Svebio) has joined the international initiative Carbon Pricing Leadership Coalition (CPLC) as a strategic partner. CPLC promotes the pricing of carbon dioxide emissions in countries, regions, and companies internationally. Svebio encourages other Swedish actors to participate in the global work to put a price on climate-harmful emissions by introducing carbon taxes or emissions trading.
The Carbon Pricing Leadership Coalition (CPLC) is an initiative of the World Bank, launched in conjunction with the climate summit in Paris 2015, and is supported by a number of countries, including Sweden and the other Nordic countries.
Carbon dioxide tax is the most effective way to reduce the combustion of fossil fuels and climate-related carbon dioxide emissions. The tax creates investor confidence and results in the cheapest and best solutions for mitigation. This could be energy efficiency measures or switching to renewable energy sources. All countries should introduce carbon dioxide tax, says Gustav Melin, CEO of Svebio.
Among partners for CPLC, there are Nordic companies such as Vestas, Danfoss, Fortum, Statkraft and Novozymes.
Global companies sometimes have an economic strength comparable to whole countries and can therefore have a big impact if they decide to act. A decision in a boardroom can be of great importance to the climate, but also to the customers’ image of the company. With the right tools, profitability is created for companies that are forerunners in this energy transition. Therefore, it is in many companies’ own interest to work for good climate incentives in all countries, said Melin.
However, only a few Swedish and Nordic companies today are partners to CPLC and Svebio encourages Swedish companies and organizations to join as partners and commit to working for carbon pricing.
More Swedish actors should be involved in the process of introducing and raising carbon taxes. Sweden has many global companies operating in markets worldwide. These companies can act through their subsidiaries in other countries and by introducing internal carbon pricing to reduce their own emissions and promote investments for lower climate impact, ended Gustav Melin.
Amongst other things, the World Bank publishes the State and Trends of Carbon Pricing report, an annual report on carbon dioxide (CO2) taxes and emissions trading schemes globally.