Denmark Puts Plans for Climate-Focused Tax Reform on Hold

Denmark will not consider how to raise taxation of greenhouse gas emissions until fall because of the current economic uncertainty, Minister for Climate, Energy and Utilities Dan Jorgensen says.

In 2019 Denmark set itself some of the world’s most ambitious environmental goals; they include a 70% reduction in greenhouse gas emissions by 2030, compared to 1990 levels. The EU’s target, by contrast, is for a 40% reduction by 2030, an objective that Jorgensen has said is not sufficiently ambitious.

It will be impossible to reach the country’s goal without looking at a fundamental overhaul ...