In a world-first, New Zealand appears set to introduce a scheme that will require farmers to pay for their agricultural greenhouse gas emissions, including the methane belched out by cows and nitrous oxide emitted through livestock urine.
Amazing how well New Zealnd deals with farming. Total, absolute, free market. Plus Pigou Taxes on externalities.
That’s the way to do it. Once the structure of the system is set leave well alone and the end result will be the best that can be done given the constraints of reality.