The New Zealand Interim Climate Change Committee released its long awaited report on agriculture. In a nutshell, they have recommended that agriculture come into the ETS at a processor level in the interim to be replaced in 2025 by a split approach whereby farmers pay the cost of animals and processors pick up the balance. This is all subject to further consultation before a decision by government is made. Naturally, the agriculture sector are not too happy about this recommendation.
Overall, even though agriculture is likely to be shielded through a phased-in approach, starting small and with free units, this…
