According to Jyllands-Posten, parts of the government's major prestige project, the Green Tripartite, will be financed by selling Danish CO2 quotas that would otherwise have to be cancelled to reduce CO2 emissions.
A total of 2.6 billion kroner will be financed by selling four million CO2 quotas, according to a leaked document from the negotiations on the Green Tripartite. Jyllands-Posten reported this on Saturday. Børsen also described the plans for selling quotas on Wednesday.
Some of the worst
CO2 quotas are an EU system that means that one CO2 quota allows you to emit one ton of CO2. A quota can be purchased by a company. So, according to Jyllands-Posten, when Denmark sells four million quotas that would otherwise have to be cancelled, CO2 emissions could increase by four million tons in Europe.
According to Andreas Lund Jørgensen, senior economist at the think tank Kraka, not canceling quotas is "one of the worst things you can do for the climate".
- You can really 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 are generated in Europe, he tells Jyllands-Posten.
Denmark's total CO2 emissions in 2022 were 41.7 million tons.
Five billion kroner missing
Both to Jyllands-Posten and Børsen, Minister for the 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 of food and agricultural production".
The agreement has not been adopted in the Folketing. It has been concluded between the government and interest groups such as Agriculture & Food and the Danish Nature Conservation Association. The initiatives in the agreement must be adopted in the Folketing in order to become a reality.
However, the parties behind the tripartite have clearly stated that the parties in the Folketing cannot make any substantive changes to the agreement. Because, according to the parties, it is balanced to the smallest decimal point.
The headlines in the tripartite are an area fund of 40 billion kroner, so that 15 percent of 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.
However, according to Børsen and the Altinget, the government is still missing funding for 5.3 billion kroner towards 2030 for the tripartite.
/ritzau/
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