“We are deeply cognisant that our business produces 20 per cent of New Zealand’s greenhouse gas emissions,” Fonterra said in its submission to the Climate Change Commission’s draft report on reducing greenhouse gas emissions. From June, the dairy cooperative will reward its farmers who meet sustainability and milk quality measures, with 10 cents of each farm’s milk payment a kilogram at stake. It was criticised by the Coal Action Network Aotearoa for not moving fast enough to switch out its coal boilers. The goal was “ambitious” and would be “challenging” to meet, Fonterra said. Whineray said the plan to convert coal boilers would have a “relatively modest” financial impact.

Source: Stuff March 30, 2021 22:30 UTC