CEFGroup Director, climate finance expert Ivan Diaz-Rainey, was invited to speak at today’s RNZ Rural News. Ivan says that the importance of cutting methane emissions seems to have been lost in proposals for how to price on-farm emissions. Two options for how farmers could pay for on-farm emissions have been released for consideration by He Waka Eke Noa – Primary Sector Climate Action Partnership. In both options, the price for methane is seperate from the carbon price, with the sector proposing the methane price should be lower to take into account that it is a shorter-lived gas. However, Ivan says this is at odds with commentary at the recent COP26 Summit in Glasgow where world leaders said urgent cuts to methane emissions were required. Ivan says a scheme that sets an affordable price for farmers won’t drive change, which will just make the transition the sector has to make later down the line more severe and abrupt.
To find out more, visit RNZ Midday Rural News for 24 November 2021 or CEFGroup Presentations.
