In New Zealand, farmers suffocated by the tax plan for cow burps and farts

Published Dec 21, 2022

Tridge summary

New Zealand is planning to introduce a world-first tax on methane and nitrous oxide emissions from agricultural activities, primarily from the six million cows and 26 million sheep. The tax is designed to mitigate the environmental impact of agriculture, which contributes to around 30% of global warming since the Industrial Revolution. Initially, farmers were to be taxed based on their animals' emissions, leading to protests. The government has since revised the plan, allowing farmers to offset emissions through forestry development, with the prime minister emphasizing the goal of reducing emissions while maintaining international competitiveness. The New Zealand Farmers' Federation has criticized the government for the proposed tax and its lack of clarity, arguing that agriculture is an efficient and sustainable sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Zealand intends to set up the first tax on methane and nitrous oxide emissions in the world, to control the environmental footprint of its six million cows and 26 million sheep. Methane is less abundant and does not last as long in the atmosphere as carbon dioxide, but it is a much more powerful factor in climate change. This chemical compound is responsible for around 30% of global warming since the Industrial Revolution, scientists estimate, although it only accounts for a fraction of the composition of the greenhouse gas. According to the first version of this plan, farmers will have to pay according to the emissions of their animals, which sent New Zealand's farming community into a frenzy and sparked protests in late October. The farmers had simply asked the Prime Minister, Jacinda Ardern, to abandon this tax, pointing to the risk of an increase in food prices. One of the changes made on December 21 by the government includes the possibility of offsetting animal carbon ...
Source: Pleinchamp

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