Fonterra wants intensity approach to ETS
5 May 2009
Dairy production in New Zealand may be reduced by five per cent, costing the New Zealand economy $650 million annually and allowing other countries to fill the gap in global supply risking further global emissions growth, unless the existing Emissions Trading Scheme is altered, says Fonterra.
Chief executive Andrew Ferrier, presenting the dairy co-operative’s submission to the Emissions Trading Scheme Review Select Committee, said that global emissions would increase if a greater proportion of dairy products is produced by countries where production is less carbon efficient than New Zealand.
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