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7/08/2024

Topic Reading-Vol.4458-7/8/2024

Dear MEL Topic Readers,  
World’s first carbon tax on livestock will cost farmers $100 per cow
Methane is the second most significant greenhouse gas contributor to climate change after carbon dioxide. Methane from cattle is shorter-lived than carbon dioxide but 28 times more potent in warming the atmosphere. Each year, a single cow will belch about 100 kilograms of methane. Agriculture is Denmark’s largest source of greenhouse gas emissions. To help meet its climate goals, Denmark’s government recently agreed to introduce the world’s first carbon emissions tax on agriculture. Once approved by the parliament, about $17 per ton of livestock emissions per year will be charged from 2030 and $43 in 2035 to farmers. Cows account for most of the cattle population in Denmark, and farmers will have to pay nearly $100 per cow. The cow tax won’t make cows produce less methane, but it might help reduce other greenhouse gas emissions from farming.  
Read the article and think if this livestock tax helps reduce greenhouse gas emissions.

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