When making our submission to Parliament’s Environment Select Committee who are considering the Zero Carbon Bill, we asked them to consider three things:
- The first is that reviews of the methane targets should be based on scientific AND economic analysis. In addition to considering if something is scientifically possible, we must also consider if it is economically viable.
- Second, there must be a significant increase in research and development investment by both the government and industry if we are to create the solutions required to meet these targets.
- Thirdly, political consensus is vital. Farmers adapting their businesses and making investments need certainty that the targets are not going to suddenly and radically change. Consensus across the political spectrum will provide some certainty about the path ahead.
New Zealand isn’t alone in addressing climate change.
Every country faces challenges – whether it’s through reducing reliance on fossil fuels or shifting to carbon-neutral industries.
New Zealand’s challenge is to find a way to manage the natural emissions from our animals. That’s because nearly half of New Zealand’s greenhouse gas emissions come from agriculture – the highest in the OECD. Agriculture makes up around 30% of Ireland’s emissions, and around 15% in Australia.
Fonterra makes up 20% of all emissions in New Zealand so we have a big part to play in being part of the solution.
The methane targets will be challenging for our farmers, and our focus is on helping our 10,000 farming families through this change.
We know we must do more. Just being more efficient isn’t enough – we must reduce our absolute emissions.
We’ve committed to doing our bit. Now the mahi begins.