Important Takeaways:

• Denmark is set to become the first country to hold bovines accountable for their carbon footprint.
• The tax, which is part of a broader climate agreement to reduce emissions and preserve habitats, will go into effect in 2030.
• The levy is expected to be approved by the Danish parliament later this year, and while it would be the first time such a policy has been implemented, it isn’t the first time a country has tried.
• Because of a 60% tax break that was a part of the agreement, the actual cost per ton of CO2 equivalent for farmers will be just 120 kroner ($17) for the first five years of the policy. The average dairy cow in Denmark produces 5.6 tons of CO2 equivalent per year, according to Danish think tank Concito. That will equate to an annual tax of 672 kroner per cow—or roughly $96. In 2035, the rate will go up to 300 kroner per CO2 ton ($42).

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