The Sweden Carbon Tax, known as Koldioxidskatt, was implemented in 1991 as part of the broader tax on energy, aiming to reduce dependency on fossil fuels. As of April 1, 2024, the price is SEK 1,368.30 (US$127.26), applying to direct CO2 emissions from fossil fuel combustion, with exemptions for peat and operators covered by the EU Emissions Trading System (ETS). Recent changes include a revised greenhouse gas reduction plan, mandating a 6% reduction in greenhouse gas intensity for fuels from 2024 to 2026 and introducing tax cuts on petrol and diesel. The government sets the price, and since 2022, all EU ETS operators have been exempt from the carbon tax.