New Zealand's decision to scrap the 'burp and fart tax' on livestock emissions
New Zealand is scrapping a scheme to price gas emissions from livestock, known as the 'burp and fart tax,' initiated by the previous left-wing government. The ruling conservative coalition is introducing new legislation to remove the agriculture sector from the emissions pricing plan due to farmer pressure.
Key Points
- Ruling coalition introduces legislation to remove agriculture sector from emissions pricing plan
- Agriculture sector was initially included in the plan to tackle climate change
- Farmers welcome the decision, while environmental groups criticize the government's move
- New Zealand's economy is heavily dependent on agriculture
Pros
- Responding to farmer pressure
- Ensuring the profitability of Kiwi farms
- Maintaining agricultural production and jobs in New Zealand
Cons
- Criticism from environmental groups
- Reversal of a five-year ban on new oil and gas exploration