The New Zealand Ministry of Climate continues to work on a mind-blowing bill. If this bill goes into effect, the country’s cows and sheep will be taxed. Yes, did you hear wrong? So why is New Zealand preparing to do such a thing, and how will it do it?
According to official records, there are 10 million cows and 26 million sheep in New Zealand. By the way; New Zealand has a population of around 5 million. According to a study by the New Zealand Ministry of Climate, agricultural activities in the country are responsible for almost 50 percent of greenhouse gas emissions in the country. Almost 100% of this greenhouse gas emission is caused by methane gas. That is gas produced by animals. This has prompted the New Zealand Ministry of Climate action.
It will be a first in the world
If the draft law that the New Zealand Ministry of Climate is working on comes into effect, it will be a first in the world. Moreover, this decision is likely to affect other countries. So how will New Zealand tax the gas produced by animals?
According to the information obtained, the taxation process will be made according to the number of animals owned by the farmers in the country. However, the government will also provide incentives in order not to put the farmer in a difficult situation. For example, a farmer will be able to plant trees in order to reduce the amount of tax he will pay. The New Zealand Ministry of Climate is working to make this bill valid by 2025…
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