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Denmark Considers Corporate Climate Tax to Meet Climate Goals

Denmark’s government has proposed introducing a carbon tax for companies as a way to accomplish the country’s ambitious climate goals.

Proposed last week, the tax of 1,125 Danish crowns ($164.21) per ton of carbon dioxide would reduce carbon emissions by 3.7 million tons by 2030.

Reuters reports that the tax would be imposed on heavy industries and the energy sector, and will include a projected 2030 price of EU carbon permits of 750 Danish crows per ton. 

statement
For smaller companies that are not part of the EU emissions trading system, the government proposed a tax of 750 crowns per tonne. "This initiative is meant to ensure that the companies that impact the climate pay for their own emissions," Tax Minister Jeppe Bruus said.

The government is also ready to spend 7 billion crows to help companies with the green transition. The idea is to help businesses stay green, rather than move abroad and avoid the carbon tax.

Now that’s how you keep those jobs close to home!

This proposal could help Denmark, one of the wealthiest countries in the world, achieve its 2030 target of dropping greenhouse gas emissions by 70% from 1990 levels. 

That’s roughly 20 million tons of CO2 equivalent. 

Nikola uses his background in electrical engineering to break down complex sustainability topics for GreenCitizen's readers. He is a firm believer in environmental conservation, which he practices daily through recycling and home-grown food. He enjoys hiking, engaging in white-water sports, and collecting pocket knives.


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