Government supports a project to reduce agricultural emissions from cattle
“We want to be the most productive, sustainable country in the world. Projects like this will contribute to New Zealand’s reputation in sustainable and innovative aquaculture and agriculture”, Damien O’Connor said.
- New Zealand
The Government today announced its support for a project that could substantially reduce agricultural greenhouse gas emissions from cattle.
The announcement was made as part of Prime Minister Jacinda Ardern's and Agriculture Minister Damien O'Connor's visit to Nelson's Cawthron Aquaculture Park.
The Cawthron Institute will receive $100,000 from the Government's Sustainable Food & Fibre Futures fund to turn a native red seaweed (Asparagopsis armata) into a greenhouse gas-busting cattle feed supplement for domestic and global markets.
"If successful, this project could be a game-changer for farmers here and around the world," Damien O'Connor said.
"Australian research estimates that if just 10 percent of global ruminant producers adopted Asparagopsis as an additive to feed their livestock, it would have the same impact for our climate as removing 50 million cars from the world's roads.
"Sustainable agribusiness and transitioning to a low emissions economy is a major focus for the Coalition Government. It's why we established the $40 million a year SFFF fund last year – to invest in projects that deliver economic, environmental and social benefits for all Kiwis.
"Aquaculture is a growth industry for this country and has the potential to play a more significant role in our economy. It's currently worth $600 million a year and employs over 3000 people.
"The Cawthron project could lay the foundations for a new high-value industry, along with the jobs that go with it. There are also export potential and on-farm economic benefits, including price premiums for milk and meat.
"We want to be the most productive, sustainable country in the world. Projects like this will contribute to New Zealand's reputation in sustainable and innovative aquaculture and agriculture", Damien O'Connor said.
(With Inputs from New Zealand Government Press Release)