Denmark's Agriculture Emissions Tax
Denmark will introduce the world’s first emissions tax on agriculture from 2030, requiring farmers to pay for greenhouse gases released by their livestock. The aim is to lower greenhouse gas emissions by 70 percent by 2030, moving towards climate neutrality by 2045.
Key Points
- Tax of $43 per ton of carbon dioxide equivalent in 2030, increasing to $108 by 2035
- Livestock account for over 30% of human-caused methane emissions
- A Danish cow produces over six tons of carbon dioxide equivalent a year
Pros
- Reduction of greenhouse gas emissions
- Encouraging other countries to implement similar taxes
- Historic compromise towards climate neutrality
Cons
- Potential opposition from farmers and industry
- Impact on livestock farmers financially