Denmark Imposes the World’s First Carbon Tax on Livestock Emissions
Denmark has approved the world’s first carbon tax on livestock emissions, targeting its significant dairy and pork sectors. Starting in 2030, each cow will be taxed 672 krone ($96) annually, with the tax rising by 2035. The tax aims to reduce agriculture’s environmental impact, Denmark’s largest pollution source. Initial tax rates are set at 300 krone ($43) per tonne of CO2-equivalent emissions, increasing to 750 krone ($107) by 2035, with a 60% tax break initially reducing the effective charge. The tax revenue will support environmental projects and the farming industry’s green transition. The policy has mixed reactions, with concerns about competition and investment impacts, but it could influence global environmental strategies.
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