43-22 CO2 quotas law - Carrots & Sticks

Summary

The Danish 2012 "Act on CO2 Quotas" is aimed at reducing greenhouse gas emissions and obligates businesses that operate in Denmark and are included in the EU Emissions Trading System (ETS) to hold CO2 quotas equal to their annual emissions of greenhouse gases. These businesses must also monitor and report their emissions to the Danish Environmental Protection Agency, which will verify compliance with the quota requirement. In case of non-compliance, businesses may face fines and penalties. The Act also provides for the creation of a CO2 emissions registry for tracking and trading quotas.

Thumbnail image for The Danish 2012 "Act on CO2 Quotas" is aimed at reducing greenhouse gas emissions and obligates businesses that operate in Denmark and are included in the EU Emissions Trading System (ETS) to hold CO2 quotas equal to their annual emissions of greenhouse gases. These businesses must also monitor and report their emissions to the Danish Environmental Protection Agency, which will verify compliance with the quota requirement. In case of non-compliance, businesses may face fines and penalties. The Act also provides for the creation of a CO2 emissions registry for tracking and trading quotas.

Issuer

Denmark

Year

2012

Region

Europe

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Manufacturing
Mining, Quarrying, Oil & Gas Extraction
Agriculture, Forestry, Fishing & Hunting
Construction

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 4: Quality Education
SDG 7: Affordable and Clean Energy
SDG 13: Climate Action

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