« New Zealand will tax livestock farmers for greenhouse gas emissions by 2025»

Published on 12-10-2022

New Zealand announced this week to be the first country in the world to tax livestock GHG emissions by 2025 within their ETS emission trading scheme. Farmers with cows and sheep have to pay for greenhouse gasses and can be paid if they reduce emissions or plant trees. Such emissions have to go down with 10% by 2030. The government will decide the tax tariff needed to realise this goal. Farmers in New Zealand are part of the governance system but did not like all proposals.

https://hewakaekenoa.nz/wp-content/uploads/2022/10/Initial-comparison-of-He-Waka-Eke-Noa-recommendations-and-Govt-proposals-11-Oct-22.pdf

The EU Commission is considering a similar system, to be published end of 2023 (the polluter pays principle).

https://www.theguardian.com/world/2022/oct/11/new-zealand-farmers-may-pay-for-greenhouse-gas-emissions-under-world-first-plans