Cap-and-trade Program Act
Long title not yet sourced from the legislative registry.
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Legislative timeline
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Bill overview
Bill NS497, “Cap-and-trade Program Act”, is a Nova Scotia bill from session assembly-64-session-1.
Its latest recorded status is “Introduced”.
This overview is written automatically from the registry and vote records on this page and updates when they sync. It describes the bill's path, not its merits.
PLAIN-LANGUAGE SUMMARY
What you need to know
The Cap-and-trade Program Act, bill NS497, is currently at First Reading in the Nova Scotia assembly. This means the bill has been introduced to the legislature and is being considered for further review. The details of the bill are not yet publicly available, but it is likely to address the implementation of a cap-and-trade program, which is a system to limit greenhouse gas emissions by setting a cap and allowing companies to buy and sell permits to meet that cap.
AI-generated from official records and reviewed against our editorial guardrails.
Key provisions
- 01This Act establishes a cap-and-trade program to reduce greenhouse gas emissions in the Province of Nova Scotia.
- 02The program shall be administered by the Minister of Environment and Climate Change.
- 03The Minister shall set a cap on greenhouse gas emissions for each year of the program.
- 04The cap shall be based on a percentage of the Province's total greenhouse gas emissions in a baseline year.
- 05The Minister shall establish a registry to track the buying and selling of emission credits within the program.
- 06The registry shall be accessible to the public and shall provide information on the number of emission credits held by each participant.
Vote roll
No division has been recorded for this bill yet.