Cow in the room
To reach the set targets by 2050 there will need to be three key drivers:
- a significant expansion of forestry;
- the electrification of transport;
- changes to the structure and methods of agricultural production.
The latter will be the most contentious, as under current technology it implies that New Zealand needs to move away from dairy and sheep and beef farming towards horticulture and cropping.
Successful development of a methane vaccine for animals would be a game changer but is far from certain. However, New Zealand certainly has every incentive to throw everything at the problem.
Sharon Zollner is Chief Economist NZ at ANZ