Iceland's new government sets out green priorities

Iceland plans to raise carbon taxes by 50% immediately as part of a raft of new environmental measures announced by the country’s incoming government on Thursday

Iceland plans to raise carbon taxes by 50% immediately as part of a raft of new environmental measures announced by the country’s incoming government on Thursday.

The measure, outlined in an agreement between the parties of the coalition government, follows a similar commitment by the previous government in the draft budget for 2018. This noted that the country’s current carbon taxes are generally considered low in comparison to those of other Nordic countries.

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