Please login or create an account to join the discussion.

New Zealand invites comments on plans to tax farm emissions

Image: MartinStr, New Zealand sea sheep, Pixabay, Pixabay Licence

The New Zealand government has announced proposals to introduce farm-level taxes for agricultural emissions, with the aim of incentivising farmers to adopt climate mitigation measures. The plans involve pricing long-lived greenhouse gases and biogenic methane separately; farmers who meet certain thresholds for livestock numbers or fertiliser use will pay a bill that depends on their farm areas, livestock numbers and production, and nitrogen fertiliser use; incentive payments (funded by the tax) will be made to farmers who adopt a range of emissions reduction measures; additional payments will be made to farmers who sequester carbon through managing indigenous vegetation. A consultation on the proposals is open until 18 November 2022.

Post a new comment »

Login or register to comment with your personal account. Anonymous comments require approval to be visible.
CAPTCHA
Planten