Denmark's Tax on Livestock for Greenhouse Gas Emissions

SOURCE www.foxnews.com
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.

Key Points

  • Denmark aims to reduce greenhouse gas emissions by 70% from 1990 levels by 2030
  • Livestock accounts for about 32% of human-caused methane emissions
  • Tax will start at $43 per ton of CO2 equivalent in 2030 and increase to $108 by 2035

Pros

  • Helps reduce greenhouse gas emissions
  • Encourages farmers to adopt more sustainable practices

Cons

  • May lead to increased costs for livestock farmers
  • Could result in opposition from farming communities