Climate change policy, Climate change, Environmental economics
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Climate change policy, Climate change, Environmental economics


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Climate change which is also described as global warming refers to increases in the average temperature of the earths oceans and the air near the surface (Fonterra n.d.). Research indicates that climate change could have a significant impact on businesses like Fonterra and on the wider New Zealand Society. While it could have a positive impact on Fonterra because of the kind of business it is engaged in, the long term effects will be negative. In terms of the wider New Zealand society the overall effects will also be negative. According to Pewter Center (2011) agricultural production could increase with only minor warming in northern countries (e.g., USA and Canada) and is already on the decline in low latitude countries. However, climate change will have a negative effect on agricultural

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