The Danish government plans to grant a full exemption to energy-intensive businesses covered by the EU ETS, and a reduction down to 50% of the EU minimum tax levels to businesses covered by the EU ETS which are not energy-intensive as part of a scheme to eliminate what it calls double regulation of CO2 emissions.
In Denmark, an existing CO2 tax is levied but with the proposed exemptions, the amount paid would be below the minimum rates set out by the EU.
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