New Zealand studies taxing methane from cattle and goats

Published 2022년 6월 14일

Tridge summary

New Zealand is set to become the first country to impose a fee on ranchers for the methane emissions produced by cattle and sheep, in line with its commitment to reduce greenhouse gas emissions by 30% at COP 26. The country, with a population of 5 million and a herd of 10 million cattle and 26 million goats, plans to start charging producers from 2025, with short-term and long-term gas charged separately. The revenue generated will be reinvested in research, development, and advisory services for farmers. The final decision on the taxation, seen as the biggest regulatory intervention in the sector since the 1980s, is expected to be announced in December.

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Original content

Amid efforts to contain global warming and decarbonize its economy, New Zealand could become the first country to make ranchers pay a fee for the methane emitted by cattle and sheep. The country, along with a hundred others, including Brazil, signed a commitment signed at COP 26 to reduce gas emissions by 30%. ALSO READ: Cows wear a mask that retains more than 50% of the methane emitted by burping With a population of 5 million, New Zealand has a herd of 10 million cattle and 26 million goats (Photo: REUTERS/Agustin Marcarian) "There is no doubt that we need to reduce the amount of methane we are putting into the atmosphere and an effective emissions pricing system for agriculture will play a key role in how we achieve this," Climate Change Minister James Shaw was quoted as saying by the Reuters agency. Currently, nearly half of New Zealand's total greenhouse gas emissions come from agriculture. know more Reducing methane in livestock depends on making technology reach the ...

Source: Agroinforme