New Zealand: Insane emissions scheme is unsustainable

Emissions scheme is unsustainable - The Gisborne Herald

For a typical Gisborne/East Coast property of one thousand hectares, running 5287sheep, and 988 cattle, the annual amount is $144,236, based on the current carbon value of $42.

The carbon price a month ago was $47 per tonne, making the liability $161,398. The economic farm surplus (EFS) of this average farm is only $145,316. (This is what the farmer needs to pay interest and principal on loans, fund further development, replace machinery, and to make a return on his own investment in the property.)

Obviously, this is an unaffordable amount, to finance a very questionable scheme, based on the unproven fantasy of human-induced climate change.