This document lays out the government's plan for reducing CO2 emissions by 49% from 1990 levels by 2030. It's a reaction to the Urgenda case and runs concurrently with the Climate Act. It contains information on the agreements reached with the following industries: agriculture, industry, built environment, traffic, and transportation. The Agreement also establishes an industry-wide carbon tax that will be applied to emissions that exceed EU ETS Benchmarks (after deducting emissions from a predetermined reduction route). Waste incinerators and sizable emitters of GHGs other than CO2 (such as N2) are also subject to the levy, which is imposed on all installations in the EU ETS. The CO2 tax charge will begin at €30/t CO2 in 2021 and rise by €10.56 annually, reaching a rate of €125/t CO2 in 2030.
Less than 0.5% of GDP is predicted to be spent annually on additional costs related to the Climate Agreement by 2030.