June 25, 2024 4:49 PM

Denmark will be first to impose CO2 tax on farms, government says

Denmark, a major pork and dairy exporter, will introduce a tax on livestock carbon dioxide emissions from 2030, making it the first country to do so and hoping to inspire others to follow, the government said on Tuesday. A tax was first proposed in February by government-commissioned experts to help Denmark reach a legally binding 2030 target of cutting greenhouse gas emissions by 70% from 1990 levels. The centrist government late on Monday reached a wide-ranging compromise with farmers, indus...