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Denmark sets first carbon tax on agriculture!

The country wants to cut 70 percent of its total emissions by 2030…

The Danish government will introduce Europe’s first carbon tax on agriculture, after a five-month negotiation with farming and conservation groups ended in a historic agreement on Monday night.

From 2030 farmers will have to pay 120 Danish krone (€16) per metric ton of emitted carbon dioxide equivalent, rising to 300 krone (€40) from 2035 onwards. The government will also provide €5.3 billion to reforest 250,000 hectares of agricultural land by 2045, set aside 140,000 of lowland by 2030, and buy out certain farms to reduce nitrogen emissions.

It’s an “agreement which will form the basis for a historic reorganization and restructuring of Denmark’s land and food production,” wrote Economy Minister Stephanie Lose on X on Monday evening.

By Alessandro Ford,

Source: politico.eu

About İsmail Uğural

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