Share with your friends

Government sets deadline for farmer emissions

Government sets deadline for farmer emissions

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand


Also on


[24 October/Stuff NZ]

The Government has announced plans to make New Zealand the first nation in the world to fully fold agriculture into an emissions pricing scheme, with a comprehensive price on greenhouse gases introduced by 2025. It will do this by accepting an agricultural sector proposal to give it those five years to develop a farm-level pricing mechanism separate from New Zealand's Emissions Trading Scheme (ETS), which the sector opposes. Farmers will pay no additional levies or charges in the meantime. An emissions trading scheme aims to cut emissions by charging companies a price for each unit of greenhouse gas produced, giving a financial incentive to them to reduce their contribution to climate change over time. Although the Government has been criticised for moving too slowly, the purpose of the plan is to help give certainty to farmers, investors and the economy as a whole, and allow the sector adjust to the new changes. Agriculture accounts for about half of all New Zealand's carbon emissions profile. The Government's plan rejects an earlier recommendation from the Interim Climate Change Committee to start pricing agriculture from as soon as next year.

To read this week's full edition of Field Notes, please click here.

© 2020 KPMG, a New Zealand Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us


Want to do business with KPMG?


loading image Request for proposal