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Nova Scotia announces funding for seafood industry climate change projects
Nova Scotia announces funding for seafood industry climate change projects

CTV News

time21 hours ago

  • Business
  • CTV News

Nova Scotia announces funding for seafood industry climate change projects

Nova Scotia Fisheries Minister Kent Smith, left, executive director fisheries and aquaculture Geordie MacLachlan and deputy fisheries minister Jason Hollet, right, announce the lifting of seafood buyer and licensing moratoriums during a news conference in Halifax on Tuesday, May 13, 2025. THE CANADIAN PRESS/Keith Doucette The Fisheries and Aquaculture Energy Efficiency Innovation Fund is spending $1.73 million to support the efforts of 22 seafood companies and related organizations throughout Nova Scotia in lowering their carbon emissions. The funding will go towards projects that range from electrifying vessels to installing solar systems, a news release from the province reads. 'Our seafood sector is a key partner in addressing climate change,' said Kent Smith, minister of Fisheries and Aquaculture. 'This funding will help seafood organizations in their efforts to reduce fossil fuel consumption and greenhouse gas emissions, while also helping the industry lower its operational costs.' Efficiency Nova Scotia is administering the three-year fund and will provide a total of $6.5 million to industry climate change projects. 'Nova Scotia's fisheries and aquaculture industry is a cornerstone of our economy, supporting jobs and communities across the province,' said Stephen MacDonald, president and CEO, EfficiencyOne. 'Energy efficiency is a powerful way for organizations in the sector to reduce costs and boost productivity both in the short and long term – and this fund is helping more businesses adopt innovative, energy-efficient practices that support a more resilient and sustainable future. We're excited to see the initiatives from these new fund recipients come to life, driving innovation and sustainability across the sector.' The fund is part of the province's commitment to the Our Climate, Our Future: Nova Scotia's Climate Change Plan for Clean Growth. A third call for project funding applications will be announced later this year. For more Nova Scotia news, visit our dedicated provincial page

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