Denmark announced it will begin taxing its ranchers for the greenhouse gases (GHGs) emitted by their livestock.
The country will be the first to impose a carbon tax on its farmers and will begin taxing in 2030.
“We will be the first country in the world to introduce a real CO2 tax on agriculture,” said Taxation Minister Jeppe Bruus in a statement. “Other countries will be inspired by this.”
According to an Associated Press report, Danish ranchers will be taxed 300 kroner ($43) per ton of carbon dioxide equivalent in 2030. The tax will increase to 750 kroner ($108) by 2035. However, an income tax reduction will make the actual cost 120 kroner ($17.30) and increase to 300 kroner by 2035.
