The agriculture sector can meet its share of the nation’s Kyoto emissions reduction target at a profit.
As livestock farming accounts for 49% of New Zealand’s emissions, such cuts would in turn remove about half the nation’s excess emissions, based on the Government’s current projections. Assuming a price for carbon credits of $30/tonne, that level of savings has a value of over $550 million.
These are key conclusions from a Sustainability Council report released today entitled “A Convenient Untruth”.
Read the report: A Convenient Untruth