Eye2theLongRun

Even first round effects of the proposed agricultural emissions pricing scheme will see:

1. Agricultural production shifted abroad to more inefficient, carbon emitting economies given that N.Z. is the lowest carbon emission producer;
2. Prices, notably consumer prices for food, will likely increase when substitutes are imported as production falls; and,
3. Even existing “Green” treaty commitments specifically state that policies dealing with climate change should be designed such that they do not affect food production.

The logic here does not seem that difficult to understand. Even the politics of the proposed scheme tests rationality severely.