Greenhouse gas pricing will see farmers exit - Fitch

Mon, 11 Jan 2021

Fitch Group expects marginal livestock producers to exit the New Zealand market in the coming years as government greenhouse gas emission pricing starts to bite behind the farm gate.In its outlook for the NZ agriculture sector, Fitch Solutions said that while it expects the livestock and milk production sectors to adapt to planned GHG pricing from 2025, methane reduction targets will be a greater challenge to farms, with rising on-farm costs hitting less profitable farmers harder.But some farms may benefit from selling carbon credits through em...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy