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Danish Government Presents Plans for Minimum CO2 Tax

26 April 2022

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Proposed Changes

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Denmark

On 20 April 2022, the Danish government proposed new green tax reform measures to reach its goal of reducing greenhouse gas emissions by 70% by 2030. This includes the introduction of a new CO2 tax with a fixed minimum amount per tonne of CO2 that will be phased in from 2025 to 2030 as follows: Companies not covered by the EU Emissions Trading System (EU ETS): 2025 - DKK 350 2026 - DKK 430 2027 - DKK 510 2028 - DKK 590 2029 - DKK 670 2030 - DKK 750 Companies covered by the EU ETS (+ expected ETS price):...