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On Tuesday evening, June 25, the Danish government agreed to introduce Europe’s first tax on agricultural CO2 emissions. Politico reports on this.
Denmark has reached an agreement on an agricultural tax on harmful emissions after five months of negotiations with farming and environmental groups.
Under the deal, farmers will pay DKK 120 (EUR 16) per tonne of CO2 equivalent emissions from 2030, rising to DKK 300 (EUR 40) from 2035.
The Danish government will also allocate 5.3 billion euros to green 250,000 hectares of farmland by 2045, set aside 140,000 hectares of low-lying land by 2030, and buy out certain farms to reduce nitrogen emissions.
Danish Economy Minister Stephanie Loos said the deal “will lay the foundations for a historic restructuring of Danish land and food production.” It must also be approved by parliament, which will meet after the summer break.
Denmark is one of the world’s largest exporters of pork and dairy products. Agriculture is expected to account for 46% of the country’s emissions by 2030.
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