The New Zealand country has five million inhabitants, 26 million sheep and 10 million cows. All money raised will be returned to industry by funding new technology, research and incentives for farmers.
New Zealand government has presented its world’s first proposal to raise taxes from 2025 gas emissions by farming sheep and cows that greenhouse effectin a country where the number of cattle multiplies the number of inhabitants.
The plan, which does not specify an estimate of collection or specify the issue price or how it will be measured, is being consulted with farmers until Nov 18.
Prime Minister Jacinda Ardern has ensured that all money raised is returned to industry by funding new technology, research and incentives for farmers.
in New Zealand, a country with five million inhabitantsAlmost half of the country’s emissions come from the agricultural sector, mainly due to the 26 million sheep and 10 million cowsruminants that expel the methane produced during digestion by their belching and flatulence.
The proposal, also promoted by the alliance of primary sector associations He Waka Eke Noa, includes incentives for farmers that reduce emissions, which can also be offset by planting forests.
However, the proposal does not convince all farmers’ associations, which claim that this policy will lead to a reduction in the number of cattle and sheep farms in the country.
The Federated Farmers Association of New Zealand, one of the industry’s main lobby groups, says this government project will “wipe out New Zealand’s countryside” and see farms replaced by tree plantations.
The agricultural sector accounts for 10% of New Zealand’s gross domestic product and 65% of its export revenue.
The Wellington Executive, whose goal is to achieve neutrality in polluting emissions by 2050, has until the end of the year to decide how it will tax emissions from the agricultural sector.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
