Agriculture will rely on continued support from both industry and government for emerging technologies if it is to meet the long-term emissions reduction necessary for New Zealand to transition to a low-emissions economy, DairyNZ chief executive Tim Mackle said.
The Productivity Commission has released a draft report on a low-emissions economy. The report recommended that the Government should increase its yearly funding for research on agricultural mitigation technologies to a level that better reflects the potential value of successful outcomes.
"The report acknowledges that even with a significant focus on forestry sequestration, the required 20 per cent or more decrease in agricultural emissions is contingent on the long-awaited technological solutions such as a methane vaccine," Dr Mackle said.
"Both the Government and the agricultural sector is heavily invested in developing a technological solution to agricultural emissions. We are seeing promising results but this work needs continued support if we are to succeed."
The Pastoral Greenhouse Gas Research Consortium, which is working to develop technological solutions to agricultural emissions such as methane vaccines, was set up in 2003 and receives investment of $5 million per year.