Water, methane reforms a $7b hit to economy by 2050: Dairy NZ

Wed, 30 Oct 2019

Implementing the government's freshwater clean-up reforms and cutting methane emissions will cost the economy about $7 billion a year by 2050, lobby group DairyNZ says.The government's Essential Freshwater package "could significantly harm New Zealand's dairy sector and the wider national economy," said DairyNZ chief executive Tim Mackle.Scenario modelling by economic consultancy Sense Partners shows that, of the estimated $7 billion annual economic impact, only $1 billion comes from reducing methane emissions by 36 percent by 2050.By far the l...

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