The Dutch government submitted a bill to introduce a minimum price for carbon dioxide emissions from electricity production in the Netherlands.

The measure calls for a minimum carbon price of €12.30 starting in 2020, which would increase to €31.90 in 2030. If the the EU Emissions Trading System price falls below the proposed minimum price, the difference will be levied in the form of a national-level carbon tax, the Dutch government said in a June 4 statement.

The bill is linked to the EU Emissions Trading System would affect about 135 companies. It is is intended to encourage businesses to make their operations more sustainable, according to the release.

The measure will be implemented by the Dutch Emissions Authority.