Methane reduction target could be catastrophic - Fonterra Shareholders' Council

Wed, 17 Jul 2019

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...

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