Denmark has set the highest CO2 tax in Europe shutterstock

Denmark has set the highest CO2 tax in Europe

Olena Yatseno

High carbon tax is considered a decisive factor in achieving the state's climate goals by the end of the decade

Danish lawmakers have agreed on a new, Europe's highest corporate tax on carbon dioxide (CO2) emissions.

This was reported by the Danish authorities on Friday, June 24, reports Reuters.

This carbon tax applies to all companies, regardless of whether or not they enter the EU carbon quota system.

The total CO2 fee will be SEK 1,125 (US $ 159) per tonne of CO2 for companies subject to the EU Emissions Trading Scheme (ETS). It will consist of a fee of 375 kroons in addition to the projected price of EU carbon credits of 750 kroons.

According to Danish Minister of Taxes and Duties Eppe Bruus, this was the largest contribution today to achieving the goal of reducing emissions by 2030.

A high tax on carbon emissions is seen as crucial to Denmark's ambitious goal of reducing greenhouse gas emissions by 70% by 2030 from 1990 levels.

Before EcoPolitics wrote that the Danish engineering group Topsoe plans to build Europe's largest electrolysis plant - machines that produce green hydrogen.

We will remind also that by 2030 the Kingdom Denmark intends to completely abandon the use of natural gas and quadruple solar and wind energy production.

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