Denmark will charge its farmers €100 per cow per year

Published Dec 16, 2024

Tridge summary

Denmark is introducing a world-first tax on farmers, with each cow generating a annual fee of 100 euros, as part of efforts to reduce greenhouse gas emissions. The tax, agreed upon by the government, farmers, and unions, will rise from 40 euros per tonne of CO2 in 2030 to 100 euros in 2035. Initially, farmers will receive a 60% tax reduction, resulting in an annual cost of 100 euros per cow in 2035, up from 16 euros without the reduction. This measure, expected to be mirrored across the EU, replaces New Zealand's abandoned similar policy.

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Original content

Denmark is going to start charging farmers 100 euros per year per cow. What is the emotional factor? It is a new tax on CO2 emissions. The first of its kind in the world. According to the latest figures, Denmark had 1,484,377 cows in its territory in 2022. The agreement is part of the green policies that the country is implementing and with which they intend to reduce the number of greenhouse gases in the atmosphere. It has been signed by the Government, farmers and unions and the proposal is as follows: 300 Danish crowns (approximately 40 euros) per tonne of CO2 from 2030. And in 2035, the tax will be increased to 750 crowns (approximately 100 euros). How will the Government participate in this policy? A 60% tax reduction will be applied at the beginning of the entry into force of the tax. In short, farmers will be charged 120 crowns (approx. 16 euros) per tonne of livestock emissions per year from 2030. After applying the tax reduction mentioned above, the annual tax payable ...

Source: Agromeat