Methane reduction target could be catastrophic - Fonterra Shareholders' Council

Methane reduction target could be catastrophic - Fonterra Shareholders' Council
Rebecca Howard
By Rebecca Howard July 17 (BusinessDesk) - The government's proposed 2050 methane reduction target could be "catastrophic" for New Zealand unless there is a major scientific breakthrough in the meantime, the Fonterra Shareholders' Council says. The Climate Change Response Amendment Bill proposes that gross emissions of biogenic methane be cut by 24 percent to 47 percent below 2017 levels by 2050. The council says a gross target, requiring a reduction in absolute emissions, is not appropriate. Nor is its scale reasonable. “A target w...

More Primary Sector

Zhiqiang Li takes helm as acting CEO of Westland Milk Products
Primary Sector

Zhiqiang Li takes helm as acting CEO of Westland Milk Products

Zhiqiang Li has taken the helm as acting chief executive of Westland Milk Products, effective today.The move follows the resignation of former CEO Richard Wyeth.Li will continue as executive director of Yili Group in Australia and New Zealand.Li said Wyeth joined the company four...

Rebecca Howard 31 Jan 2025
Coal and gold added to critical minerals list
Finance

Coal and gold added to critical minerals list

Banks and insurance companies threatened with regulatory retaliation if they block mining.

Ian Llewellyn 31 Jan 2025
Cannabis rule change having impact
Primary Sector

Cannabis rule change having impact

Regulatory changes in NZ and Germany have made NZ products more available worldwide.

Murray Jones 31 Jan 2025
Chinese New Year crucial for NZ markets
Primary Sector

Chinese New Year crucial for NZ markets

The festive period is largely out of season for NZ's kiwifruit supply.

Riley Kennedy 31 Jan 2025