New Zealand Farmers Slam Proposed Green Finance Rules

New Zealand farmers have attacked proposed rules for green finance, warning they are unworkable and risk harming rural communities by driving up costs.

Lobby group Federated Farmers has written to government ministers and other officials outlining its concerns about the so-called Sustainable Finance Taxonomy, which is a system for classifying economic activities according to their environmental impact. A New Zealand taxonomy is being developed for the government by the independent Centre for Sustainable Finance, which recently closed submissions on an initial consultation document.