Monday, July 09, 2007

Would you pay $10 per gallon?

Sweden is considering meeting its goal of reducing emissions by doubling the price of gasoline by the year 2020. This may raise the price of gas in Sweden to over USD $10 per gallon (2 euro per litre). Sweden has promised to lower their carbon dioxide emissions by 20 percent by the year 2020 and according to calculations the price hike would cause this goal to be met.

This news seems to have been ignored by the English media, so this was a quick translation of the source articles.