Westpac backs agriculture in emissions trading scheme sooner rather than later

Tue, 03 Apr 2018

By Pattrick Smellie April 4 (BusinessDesk) - The cost to farmers of dealing with climate change will be substantially lower if agriculture enters the emissions trading scheme in a smooth, gradual way, says a report commissioned by Westpac Banking Corp's New Zealand arm. Combining work carried out last year by UK firm Vivid Economics for a cross-parliamentary group and further analysis by accounting firm EY, the Climate Change Impact Report suggests the cost of a sudden, forced "shock" move to reducing greenhouse gas emissions would cost a...

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