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

Wool minister wants to ‘reverse engineer’ KO’s carpet decision
Primary Sector

Wool minister wants to ‘reverse engineer’ KO’s carpet decision

He and the industry have been 'totally blindsided' by Kāinga Ora's decision. 

Fonterra ups forecast again
Primary Sector

Fonterra ups forecast again

It is the fourth upgrade of the season.

Synlait Milk receives first cease withdrawal notice
Primary Sector

Synlait Milk receives first cease withdrawal notice

Farmers had been putting in cease notices as Synlait's debt problems grew.