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The government will finance the green tripartite with the sale of CO2 quotas

CO2 quotas, which had to be canceled for the benefit of the climate, must now be sold and financed tripartitely, newspaper writes.
12. OKT 2024 10.33

Parts of the government's major prestige project the green tripartite must be financed, according to Jyllands-Posten, by selling Danish CO2 quotas, which would otherwise have to be canceled in order to reduce CO2- the discharge.

In total, the government will find DKK 2.6 billion in funding by selling four million CO2 quotas, according to a leaked document from the negotiations on the green tripartite. This is what Jyllands-Posten writes on Saturday. The stock exchange also described the plans for the sale of quotas on Wednesday.

Some of the worst

CO2 allowances are an EU system which means that a CO2 allowance allows one tonne of CO2 to be emitted sub>. A quota can be purchased by a company. So when, according to Jyllands-Posten, Denmark wants to sell four million quotas, which would otherwise have to be cancelled, CO2 emissions could increase by four million tonnes in Europe.

According to Andreas Lund Jørgensen, senior economist at the Kraka think tank, not canceling quotas is "one of the worst things you can do for the climate".

- To that extent, one can talk about leakage if the government ends up financing the tripartite agreement in this way. CO2 quotas have a very direct influence on how many CO2 emissions occur in Europe, he tells Jyllands-Posten.

Denmark's total CO2 emissions were 41.7 million tonnes in 2022.

Five billion kroner missing

Both to Jyllands-Posten and Børsen, minister for green tripartite Jeppe Bruus (S) refuses to comment on the sale of CO2 quotas due to "the ongoing political negotiations".

The green tripartite was concluded in June and is a "long-term basis for the restructuring and conversion of Denmark's land and food and agricultural production".

The agreement has not been adopted in the Danish Parliament. It has been concluded between the government and interest organizations such as Agriculture & Food and Denmark's Nature Conservation Association. The initiatives in the agreement must be adopted in the Danish Parliament in order to become reality.

The parties behind the tripartite have, however, clearly stated that the parties in the Folketing cannot advance anything substantial in the agreement. Because, according to the parties, it is balanced to the smallest point.

The headlines in the three parts are a land fund of DKK 40 billion, so that 15 percent of the agricultural land can be taken out and forests can be established. The reason for the tripartite was that the government wants to introduce a CO2 tax in agriculture.

According to Børsen and Altinget, however, the government still needs to find funding for DKK 5.3 billion towards 2030 for the third part.

/ritzau/

This article has been automatically translated from danish.
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