Its Principles New Zealand announced a bill that aims to to tax greenhouse gas emissions from livestock, in an effort to address their main img for the country: the slaughter of sheep and cattle.
If the bill is passed, New Zealand, the largest exporter of livestock products, will become the first country to force breeders to pay for greenhouse gas emissions from farmed animalsannounced the Ministry of Environment.
Nearly half of the greenhouse gases produced in New Zealand, according to the RES-EIA, come from livestock and Agriculturebut until now they were excluded from the emissions trading system, causing criticism.
Based on the bill, which was drafted by the government in cooperation with representatives of breeders, the latter will have to pay for greenhouse gas emissions from 2025.
“There is no doubt that we need to reduce the amount of methane we release into the atmosphere and that an efficient costing system for emissions from livestock and agriculture is a key factor in achieving this,” said Climate Change Minister James Shaw.
The bill provides incentives for breeders to reduce emissions through food additives. Proceeds from this tax will be invested in research, development and advisory services for breeders.
The final decision on the bill is expected in December.
Source: News Beast
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