New Zealand has decided to delay the implementation of agricultural greenhouse gas taxes to assist farmers in transitioning to meet the requirements. The taxes, initially scheduled for the first quarter of 2025, will now begin in the fourth quarter of the same year. Mandatory reporting of farm-level emissions will start in the final quarter of 2024. Farmers have been protesting against the regulation, arguing that the costs would harm their businesses and impact rural communities. The government aims to work collaboratively with the agricultural sector, exploring proposals to tax emissions specifically at the farm level. Changes will be made to the law, and on-farm planting will be recognized as a means of carbon sequestration. This decision reflects New Zealand’s commitment to supporting farmers during their sustainable transition while ensuring long-term emission reduction.
New Zealand Delays Agricultural Greenhouse Gas Taxes to Aid Farmers’ Transition
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