'No country in the world would risk as much for “global warming” as New Zealand if it goes ahead with the cap-and-trade energy taxation installed by Helen Clarke’s now-departed Labour Government. Based on U.S. and Australian “discussions,” a 500-cow dairy might have to pay $250,000 per year for cattle emissions and manure handling permits, plus a hefty increase in its costs for low-carbon electricity and diesel.
An Argentine dairy would pay none of these increased costs—and every dollar of cost differential would be a further incentive for Argentine dairymen to expand their exports at the expense of New Zealand.'
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