Canada-Nova Scotia Equivalency Agreement For Coal-Fired Electricity
Canada and Nova Scotia (“the parties”) are, in principle, parties to the Canada-Nova Scotia agreement on an equivalency agreement to reduce Canada`s carbon dioxide emissions from coal-fired Electricity Regulations. This assessment includes Nova Scotia`s actual emissions for 2015-17 and Nova Scotia`s emission caps for 2018-2029 for the assessment of emissions required for 2015-2029, in accordance with federal rules. It reflects Nova Scotia`s actions to support the transition to non-emitting electricity and provides an estimate of potential emissions results from additional longer-term regulatory measures envisaged by the province, 2030-2040. The estimate provides a post-2030 indication to enable the development of lengthy investment decisions in the electricity sector in Nova Scotia. He said that the Nova Scotia agreement is not based on what an electrical system can or cannot burn, but simply on the idea that emissions should be reduced in the most cost-effective way for Nova Scotia payers. Jason Hollett, executive director of the Department of Climate Change, said the province could manage coal under the equivalency agreement while leading a broad cap-and-trade system for the industry, which has set a goal of reducing emissions by 45-50% of 2005 rates by 2030. 3.3 To manage this agreement, Canada will provide Nova Scotia with a written submission on the proposed and effective amendments to the EPA or the coal-fired regulations. Reports on the amount of electricity generated by any fossil fuel plant in Nova Scotia on May 26, 2014, Nova Scotia and the federal government signed the Canada-Nova Scotia equivalency agreement for the period 2015-2019, so that Nova Scotia has a federal obligation to end coal by 2030. 4.2 The parties acknowledge that this agreement does not affect the form of a future electricity agreement between the parties. Nova Scotia needs to do more to end coal-fired power plants, although the province has been diverted across the country from the 2030 federal period, according to a Halifax-based environmental group.
The renewed equivalency agreement allows for continued follow-up to federal provisions in Nova Scotia; Therefore, in Nova Scotia, only the provincial regulatory scenario applies.