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Nova Scotia’s proposed cap and trade program

October 2, 2017 by Ronjoy Bezbarua

(Source: Climate Change Nova Scotia) Nova Scotia will implement a cap and trade program because it is a less expensive alternative for Nova Scotians, and it allows government to build on the province’s success to date in reducing greenhouse gas emissions, or GHGs. Nova Scotians have an impressive record of fighting climate change by reducing emissions.  They have already met the national target of reducing emissions by 30% below 2005 levels, and are on track to reach 46% by 2030.  Their efforts have focused on adding clean, renewable electricity to our energy mix. By 2020, more than 40% of Nova Scotia’s electricity will come from wind, hydro, tidal, solar and other cleaner energy sources. In 2016, the federal government announced that all provinces and territories will be required to implement a carbon pricing mechanism that is either a cap and trade program, a carbon tax, or a hybrid approach. Nova Scotia is currently designing a cap and trade program. Read full article….

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