Denmark is the first country in the world to introduce a carbon tax on cows

Published 2024년 11월 20일

Tridge summary

Denmark has become the first country to introduce a tax on methane emissions from cattle and pigs, with the tax set to be implemented from 2030 as part of a commitment to achieve carbon neutrality by 2045. The initial tax rate will be 40.2 euros per ton of CO2 equivalent, rising to 100 euros by 2035. Despite the tax, farmers are expected to see a reduction in their costs, with the actual cost per ton of CO2 equivalent dropping to 16 euros in 2030 and 40 euros by 2035 due to offsetting tax breaks. This move is part of a wider agreement aimed at promoting sustainable agriculture, which was reached in late June.

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Original content

Denmark has become the first country in the world to introduce a tax on farting and burping cattle and pigs. The methane emissions from the animals are supposed to be taxed from 2030 in order to help achieve carbon neutrality by 2045, Blick magazine reports. A bipartisan agreement was reached in parliament on this issue. Starting in 2030, methane emissions from animals will be taxed at 40.2 euros per ton of CO2 equivalent. This amount is expected to increase to 100 euros by 2035. At the same time, significant tax breaks are provided for farmers. As a result, the actual cost for them will decrease to 16 euros per ton of CO2 equivalent from 2030 and to 40 euros from 2035. The tax is part of a deal for more ...

Source: Milknews