1:38 pm - Wednesday, July 17 2019
Home / News / Regulations in Place for Cap-and-Trade Program

Regulations in Place for Cap-and-Trade Program

New and amended regulations will support Nova Scotia’s cap-and-trade program, which will begin Jan. 1.

The new cap-and-trade program regulations, released today, Nov. 14, detail how the program will run. For example, they establish:

  • annual declining greenhouse gas emissions caps
  • rules for distributing, buying, and selling greenhouse gas emission allowances

Amendments were also made to the petroleum product pricing regulations and to the regulations that govern greenhouse gas emissions reporting.

These details were included in government’s release of the program in October, which also included setting one of Canada’s most ambitious greenhouse gas reduction targets – reducing emissions by 45 to 50 per cent from 2005 levels by 2030.

More information is available at http://climatechange.novascotia.ca .

Source: Release

About Haligonia Editors

See news happening near you? Tell us. Click here to email our team.

 

The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

You might also like...

FB_IMG_1520181530460

RCMP investigate fatal single vehicle motorcycle collision

**** RCMP Media Release RCMP investigate fatal single vehicle motorcycle collision RCMP is investigating a...

FB_IMG_1519511561856

Police investigate robbery – Halifax

**** HRP Media Release Police investigate robbery Police are investigating a robbery that occurred earlier...

Leave a Reply

Your email address will not be published. Required fields are marked *