Reducing emissions is a critical component of any credible plan to fight climate change. The electricity sector is the largest GHG emitter in Nova Scotia. It is imperative that we decarbonize this sector to achieve our climate change goals.
Reducing emissions while making life more affordable for Nova Scotians requires leadership, vision, and conviction.
Our government has an ambitious plan to accelerate renewable energy growth so that 80% of Nova Scotia’s energy comes from renewable sources by 2030. We will invest in a diverse mix of renewable sources, leveraging evolving technology to reduce emissions and keep energy rates stable.
Constructing renewable energy projects will create thousands of jobs and contribute hundreds of millions to Nova Scotia’s GDP, growing prosperity for all. Our Government’s recent investment into the development of 350 megawatts of renewable energy projects such as wind and solar, will stimulate over $550 million in construction activity while creating over 4000 new jobs.
The Rankin Government is committed to using innovative financing to benefit ratepayers. We signed a memorandum of understanding (MOU) with the Canada Infrastructure Bank (CIB) to explore how the CIB can invest in our renewable energy projects to reduce costs for ratepayers.
As the green economy grows, Nova Scotia must build on the foundation established by our government to remain a leader in renewable energy. We have seen that a thriving green economy will inspire local infrastructure investment, create jobs and drive economic prosperity across the province.