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Danish Ruling Coalition Agrees on $106 Per Metric Ton Carbon Tax

June 24, 2022, 6:09 PM

Denmark’s newly elected ruling coalition has agreed to an ambitious green tax reform package with a carbon tax, according to a finance ministry announcement.

Friday’s agreement introduces a new carbon tax at a rate of 750 Danish Krona ($106) per metric ton of carbon dioxide emitted in 2030 for companies outside the EU quota trading system and 375 Krona per metric ton for companies within the system.

  • The reforms are part of a coalition deal aimed to help Denmark meet its 2030 target of reducing its emissions by 4.3 million metric tons.
  • “The agreement is good for the cohesion of ...