Denmark Set to Impose World’s First Carbon Tax on Gassy Cattle

• Denmark plans to implement a tax on livestock farmers starting in 2030, making it the first nation to do so.
• This initiative targets methane emissions from cows, sheep, and pigs, which are significant contributors to global warming. The goal is to achieve a 70 per cent reduction in Danish greenhouse gas emissions from 1990 levels by the year 2030.
• Denmark is set to become the first country to impose a carbon tax on livestock emissions, targeting methane, a potent greenhouse gas.
• Denmark’s livestock carbon tax is part of a broader strategy to cut greenhouse gas emissions by 70 per cent from 1990 levels by 2030. Danish Taxation Minister Jeppe Bruus announced that from 2030, livestock farmers will be taxed 300 kroner ($43) per ton of carbon dioxide equivalent, rising to 750 kroner ($108) by 2035.
• This tax will apply to cows, sheep, and pigs, with cows being the primary focus due to their significant methane emissions. Methane, primarily emitted by livestock through digestion and manure, is about 87 times more potent than carbon dioxide over a 20-year period. Livestock farming accounts for about 32 per cent of human-caused methane emissions, according to the UN Environment Program. The Danish government’s goal is to make the country climate neutral by 2045.

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Published date : 03 Jul 2024 04:59PM