BILL NO. 497
(as introduced)
1st Session, 64th General Assembly
Nova Scotia
3 Charles III, 2024
Private Member's Bill
Cap-and-trade Program Act
The Honourable Iain Rankin
Timberlea–Prospect
First Reading: September 19, 2024
Second Reading:
Third Reading:
An Act to End the Carbon Tax
by Implementing a Cap-and-trade Program
Be it enacted by the Governor and Assembly as follows:
1 This Act may be cited as the Cap-and-trade Program Act.
"cap-and-trade program" means the greenhouse gas emissions cap-and-trade program implemented pursuant to Section 3;
"Minister" means the Minister of Environment and Climate Change.
3 (1) Subject to Section 4, the Minister shall implement a greenhouse gas emissions cap-and-trade program in the Province no later than January 1, 2025.
(2) The cap-and-trade program must
(a) establish greenhouse gas emission reduction targets for the Province; and
(b) provide a mechanism pursuant to which greenhouse gas emission allowances and credits may be created and granted for the purpose of
- (i) contributing to the achievement of the targets established under clause (a), and
(ii) mitigating the costs and impact of reducing greenhouse gas emissions.
(3) The cap-and-trade program must be compliant with, and meet all benchmarks established by, the Pan-Canadian Framework on Clean Growth and Climate Change.
(4) The Minister shall introduce any legislation in the House of Assembly that is necessary to implement the cap-and-trade program.
4 The money required for the purpose of this Act must be paid out of money appropriated for that purpose by the Legislature.
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2024 Crown in right of Nova Scotia. Created September 19, 2024. Send comments to legc.office@novascotia.ca.
