Climate change in New Zealand
New Zealand's government yesterday proposed taxing the greenhouse gasses that farm animals make from burping and peeing as part of a plan to tackle climate change.
The government said the farm levy would be a world first, and that farmers should be able to recoup the cost by charging more for climate-friendly products.
A draft of the ETS proposal, said the supply of CO2 permits in the ETS will face a one-off reduction
The Paris Environmental Agreement entered into force officially on Friday, reported Reuters, cited by BTA.
This will put pressure on nearly 200 countries to start reducing greenhouse gases emissions.
The agreement is aimed at keeping the increase in global average temperature to well below 2°C above pre-industrial levels.