Denmark agrees corporate carbon tax

COPENHAGEN, June 24 (Reuters) – Danish lawmakers on Friday agreed a new corporate carbon tax, the highest in Europe, which will target companies both in and outside the EU’s carbon quota system, the government said.

A high carbon tax is seen as crucial to help reach Denmark’s ambitious 2030 target to cut greenhouse gas emissions by 70% from 1990 levels.

“(It is) the biggest single contribution so far to cut emissions by 2030,” said tax minister Jeppe Bruus in a statement.