Denmark's Tax on Livestock Carbon Emissions

Denmark will tax livestock farmers for the greenhouse gases emitted by their cows, sheep, and pigs starting in 2030 to reduce methane emissions. The tax will increase gradually to incentivize emission reduction.

Denmark's Tax on Livestock for Greenhouse Gas Emissions

Denmark will tax livestock farmers for greenhouse gases emitted by their animals, aiming to reduce methane emissions. The tax will start at $43 per ton of CO2 equivalent in 2030 and increase to $108 by 2035.

Taxing Livestock Emissions in Denmark

Denmark plans to tax livestock farmers for methane emissions from 2030 to reduce greenhouse gas emissions by 70% from 1990 levels by 2030. The tax will start at 300 kroner per ton of carbon dioxide equivalent in 2030 and increase to 750 kroner by 2035, but with a 60% income tax deduction, the actual cost will be lower. Denmark aims to become climate neutral by 2045 and hopes other countries will follow suit.

Oil and Gas Industry Methane Emissions

New research shows that the oil and gas industry may be emitting about three times more climate-warming methane than official estimates. The industry releases about 6.2 million tons of methane annually, valued at $1.08 billion. Various studies suggest that the EPA's estimates of methane emissions are too low, with the U.S. among countries pledging to cut methane pollution as a key climate goal.