New Zealand on Wednesday released a draft plan to put a price on agricultural emissions in a bid to tackle one of the country's biggest sources of greenhouse gases, belching sheep and cattle. The proposal would make New Zealand, a large agricultural exporter, the first country to have farmers pay for emissions from livestock, the Ministry for Environment said. New Zealand, home to 5 million people, has about 10 million cattle and 26 million sheep. Nearly half its total greenhouse gas emissions come from agriculture, mainly methane, but agricultural emissions have previously been exempted from the country's emissions trading scheme, drawing criticism of the government's commitment to stop global warming. Under the draft plan, put together by government and farm community representatives, farmers will have to pay for their gas emissions from 2025.

Source: News 24 June 09, 2022 02:01 UTC