Nova Scotia mum on new carbon tax six months before federal increase kicks in

·1 min read

HALIFAX — Nova Scotia's government is keeping mum on whether it will introduce a carbon tax, six months before it needs to make a decision.

Premier Tim Houston said today following a cabinet meeting that discussions are ongoing with the federal government and that analysis is being done on a new carbon pricing deal.

Houston adds that any decision on a carbon-pricing scheme will be done with the rising cost of living in mind in order to protect Nova Scotians.

The province operates its own cap-and-trade program for large industrial emitters that has been in place since 2019.

Environment Minister Tim Halman says the province has yet to decide on whether to stick with cap and trade, to introduce a carbon tax, or to go with a hybrid of the two models.

Houston says whatever is decided will have to comply with new federal requirements that will increase the price of carbon in six months by $15 per tonne, and then again every year until it hits $170 per tonne in 2030.

This report by The Canadian Press was first published June 16, 2022.

The Canadian Press

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