Perspectives on Business and Economics.Vol41

51 MARTINDALE CENTER FOR THE STUDY OF PRIVATE ENTERPRISE culty in measuring and monitoring emissions from farming activities, especially from livestock. Distinguishing between various sources of emissions can also make it difficult to determine who should bear responsibility for the tax (Key & Tallard, 2011). To mitigate the challenges of carbon taxation on the agricultural sector, careful planning of policies can be helpful. Carbon border adjustment mechanisms4 can be introduced to prevent carbon leakage5 and provide protection to domestic producers from unfair competition, thus addressing competitiveness concerns. Smaller farmers could receive financial incentives or subsidies to assist them in adopting emissions reduction technologies. The administrative complexity related to measuring and monitoring emissions can be resolved through the provision of guidance and support to farmers to ensure accurate calculation of their emissions, including the provision of emissions measurement tools and standard emission factors for different agricultural activities. Simplification of the tax system and support for tax compliance can also reduce administrative burdens. The government could invest in research and development to improve data collection techniques and create precise emission rates, working with farmers and agricultural organizations to obtain information and develop solutions for emission reduction. Finally, policy makers can structure the tax system to incentivize emissions reduction, providing financial incentives to farmers who switch to more environmentally friendly techniques and offering tax breaks for investments in technologies that reduce emissions, rather than solely imposing penalties for emitting GHGs to avoid rebound effects (Key & Tallard, 2011). Conclusion Denmark’s agricultural sector is a significant source of GHG emissions, but there are effective strategies that can help reduce emissions and achieve carbon neutrality. These strategies include transitioning to plant-based food production, using digital technologies to improve efficiency, promoting biogas production, and implementing carbon taxation. Denmark’s advanced agricultural sector provides an opportunity to lead the way in reducing emissions. Policies that support sustainable and healthy diets can help reduce emissions and promote public health. Digital technologies, such as PF and data analytics, can help reduce inputs, increase yields, and reduce emissions. Biogas production from animal waste and other organic materials can be used for heat and power generation, transportation, and as a substitute for fossil fuels. Denmark’s existing carbon tax system can be further developed to provide more targeted support for emissions reductions in the agricultural sector. Collectively these suggestions would go a long way toward helping Denmark achieve its carbon neutral goals, while at the same time serving as a model for consideration by other nations. References Aleksandrowicz, L., Green, R., Joy, E. J. M., Smith, P., & Haines, A. (2016). The impacts of dietary change on greenhouse gas emissions, land use, water use, and health: A systematic review. PloS One, 11(11), e0165797. Baden, M. Y., Liu, G., Satija, A., Li, Y., Sun, Q., Fung, T. T., Rimm, E. B., Willett, W. C., Hu, F. B., & Bhupathiraju, S. N. (2019). Changes in plant-based diet quality and total and cause-specific mortality. Circulation, 140(12), 979–991. Batini, N., Parry, I., & Wingender, P. (2020). Climate mitigation policy in Denmark: A prototype for other countries (Working Paper 20/235). International Monetary Fund. Cooper P. J. M., Cappiello S., Vermeulen S. J., Campbell B. M., Zougmoré R., & Kinyangi J. (2013). Large-scale implementation of adaptation and mitigation actions in agriculture (CCAFS Working Paper No. 50). CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS). de Gavelle, E., Davidenko, O., Fouillet, H., Delarue, J., Darcel, N., Huneau, J., & Mariotti, F. (2019). The willingness to modify portion sizes or eat new protein foods largely depends on the dietary pattern of protein intake. Nutrients, 11(7), 1556. Fresán, U., & Sabaté, J. (2019). Vegetarian diets: Planetary health and its alignment with human health. Advances in Nutrition, 10(Suppl. 4), S380–S388. Ghazouani, A., Xia, W., Jebli, M. B., & Shahzad, U. (2020). Exploring the role of carbon taxation policies on CO2 emissions: Contextual evidence from tax implementation and non-implementation European countries. Sustainability, 12(20), 8680. Hemler, E. C., & Hu, F. B. (2019). Plant-based diets for cardiovascular disease prevention: All plant foods are not created equal. Current Atherosclerosis Reports, 21(5), 1–8. Jacobsen, B.H. & Laugesen, F. & Dubgaard, A. (2014). The economics of biogas in Denmark: A farm and socioeconomic perspective. International Journal of Agricultural Management, 3(3), 1–10. Key, N., & Tallard, G. (2011). Mitigating methane emissions from livestock: A global analysis of sectoral policies. Climatic Change, 112, 397–414. 4Carbon border adjustment mechanisms are techniques for pricing carbon emissions from the manufacture of commodities entering the EU fairly and for promoting cleaner industrial output in nonEU nations. 5The term, carbon leakage, describes the potential outcome if corporations relocate their output to nations with looser emission regulations due to the expenses associated with implementing climate policy.

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