It's at least 35 years since the Reserve Bank failed to pay the government a dividend.
The government’s proposal is a response to a plan put forward by He Waka Eke Noa and, while there were some wins, the farming sector isn't happy with the result.
Consultation has opened on a farm-level, split-gas levy to price agricultural greenhouse gas emissions that will see farmers pay for their emissions by 2025.
A submission from Energy Resources Aotearoa said a more moderate approach was needed to contain household and business costs.