The New Zealand Government has revealed a comprehensive $370 million plan to help farmers lower their emissions and ensure the country's agricultural
The New Zealand Government has revealed a comprehensive $370 million plan to help farmers lower their emissions and ensure the country’s agricultural sector remains competitive in export markets. Agriculture Minister Damien O’Connor announced the plan after a five-year collaboration with farming leaders. The initiative includes introducing a system to measure and price emissions at a farm level, with mandatory reporting starting next year. This move is driven by increasing global market signals on climate concerns. Many companies, including major players like Nestle, are demanding reduced emissions from their suppliers. The plan aims to secure farmers’ future growth, align with international market demands, and work in harmony with broader climate policies. Public consultation on the plan will continue until September 1, 2023.
