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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.

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