Dutch Government Plans CO2 Emissions Levy for Industrial Firms
- Tax is part of measures to lower emissions to reach 2030 goal
- Other cabinet proposals include encouraging more electric cars
At the Port of Rotterdam.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
The Dutch government plans to impose a CO2 emissions tax on industrial companies as part of proposed measures to meet a target to cut greenhouse gas emissions by 49% in 2030 from levels in 1990.
Companies will have to pay 30 euros ($34) per ton of CO2 emitted from 2021, according to a statement from the Dutch government. That tax can go up to between 125 euros and 150 euros per ton in 2030. Proceeds from the plan will be largely used to make industrial firms more sustainable.