New Zealand to price sheep and cow burps to cut greenhouse gases

New Zealand on Wednesday released a draft plan to put a price on agricultural emissions in a bid to tackle one of the country's biggest sources of greenhouse gases, belching sheep and cattle.

The proposal would make New Zealand, a large agricultural exporter, the first country to have farmers pay for emissions from livestock, the Ministry for Environment said.

New Zealand, home to 5 million people, has about 10 million cattle and 26 million sheep.