COPENHAGEN, Denmark (Reuters) — Denmark plans to be the first country in the world to introduce a tax on livestock carbon dioxide emissions starting in 2030.
The government reached a wide-ranging compromise late last month with farmers, industry, labour unions and environmental groups on the policy.
Farmers will be entitled to an income tax deduction of 60 per cent, while subsidies will be made available to support adjustments in farm operations.
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They had expressed concerns that the country’s climate goals could force them to lower production and cut jobs but said the compromise makes it possible to maintain their business.
New Zealand scrapped plans last month to introduce a similar tax after facing criticism from farmers.
