The New Zealand government on Tuesday confirmed plans to price agricultural long-lived gases and biogenic methane that mainly comes from cow and sheep burps separately, in a plan that farm groups have raised concerns about.
The government on Tuesday released its proposed plan on agricultural emissions pricing, which when introduced in 2025 will make New Zealand, a large agricultural exporter, the first country to have farmers pay for emissions from livestock.
New Zealand Prime Minister Jacinda Ardern told reporters Tuesday’s proposal would make New Zealand farmers not only the best in the world but the best for the world. That had the potential to unlock an emerging and significant price premium for climate friendly agricultural products, she added. The proposal will provide financial incentives for farmers to use technology that reduces sheep and cow burps and money farmers pay for their emissions will be reinvested in the sector.
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