Denmark to implement world’s first livestock emissions tax to boost climate goals
Denmark has taken a significant step towards reducing carbon emissions and achieving its 2030 climate goals by introducing a landmark tax on livestock emissions.
This historic move, part of an agreement with the Green Tripartite parties, marks Denmark as the first country to implement such a tax.
The initiative aims to accelerate efforts to curb greenhouse gases (GHG), targeting a 70% reduction by 2030.
Starting in 2030, farmers will be required to pay for greenhouse gases emitted by their livestock, underlining Denmark’s commitment to environmental sustainability and climate action.
The tax is reported to start with 300 kroner ($43) as the initial amount per ton of carbon dioxide equivalent (CO2e) in 2030. The amount will be increased to 750 kroner ($108) by 2035 per ton of CO2e.
However, since there is a 60% floor deduction, the actual carbon tax levied would be 120 kroner ($17) in 2030 and increased to 300 kroner ($43) in 2035.
Also read: South Africa may move to WTO against EU’s carbon tax
Tax Minister Jeppe Bruus said, “As Minister of Taxation, I am proud that the green tripartite is today presenting an agreement that contains an ambitious CO 2 e-tax on Danish agriculture. With the agreement, we will reach our climate goals in 2030, and we will take a big step closer to becoming climate neutral in 2045.”
He added, “We will be the first country in the world to introduce a real CO2 e-tax on agriculture. Other countries will be inspired by it. The agreement shows how much we can achieve when we come together across party colours and interests to find joint solutions to one of the biggest challenges of our time.”
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