Carbon-Energy Taxation

When taxes are introduced on carbon and energy and the revenue is used to reduce other taxes will a positive effect be achieved both for the environment and for the economy? In 1990 Finland was the first country to introduce a tax on CO2. Later Sweden Denmark Netherlands Slovenia Germany and the UK followed suit with tax reforms that shifted taxation from labour to carbon and energy. Over the years CO[{2} and energy taxes have gradually been raised so that in Europe taxes of more than 25 billion Euros a year have been shifted.