The government of Denmark unveiled on Wednesday a standard carbon tax for businesses as a method to meet the country’s climate goal.
The proposed carbon tax is set at a rate of 1,125 Danish crowns (US$164.21) per tonne of carbon dioxide equivalent, including a predicted 2030 price of 750 Danish crowns (US$110) per tonne for EU carbon permits. The tax would be imposed on heavy sectors and the energy industry, according to the government.
