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If Nova Scotia woodlot owners were encouraged to develop and sell carbon credits, the economic benefit to Nova Scotia’s rural economy over the same period of time would be larger than the Irving Shipbuilding project in Halifax.
By promising to develop the program so that carbon credits are available only in Nova Scotia, Premier McNeil is doing a great dis-service to all Nova Scotians.
If credits were available on a “global” market, they could be more easily sold at better price.
A global market would provide an opportunity for Nova Scotia’s 30,000 woodlot owners to enhance their woodlots and sell more credits. Community Forests International (CFI) from a 700 acre woodlot near Sussex, NB generated $300,000 in carbon credit sales. It works out to about $400 per acre.
CFI has stated by 2018, approximately $50-Million credit sales revenue could be generated from Nova Scotia woodlots.
If you run the math if less than 10% of Nova Scotia’s 2,281,000 hectares of woodlot owned by woodlot owners were involved in the program, the economic benefit to rural Nova Scotia would far exceed the economic spinoffs from the Irving Shipbuilding program in Halifax.
Are Nova Scotian’s going to sit back and do nothing, or are they going to suggest this is a way to rebuild the rural economy without the government having to spend a cent?
Maurice Rees | March 4, 2017 | Reply
Another example of Gov’t identifying the dumbest possible way of addressing a problem/situation and then electing to follow that course..
bobmackenzie | November 26, 2016 | Reply
Canada could reduce it`s carbon footprint by 25% if our PM would stay at home and do something for Canadians. Canada could reduce it`s carbon footprint by 25% and other air pollution by 50% if the PM would go to China and stay there!
barry h | November 25, 2016 | Reply
The public has no idea how the emissions are being measured and who is doing the measuring.
For government to say savings will be passed on is nothing but a ploy as they have no way of knowing what a company will save and what they will pass on. Where is the savings from all the wind mills for example ?? How many people have reduced consumption and reduced costs in the last 10 years ??
peter s | November 25, 2016 | Reply
Right on! Is not a carbon tax the way to go?
Ron Gregor | November 25, 2016 | Reply
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