New Legislation Supports Nova Scotia’s Ambitions to lead the Tidal Energy Industry

Nova Scotia’s legislative framework for marine renewable energy    was tabled in the provincial Legislature on April 29. (For a plain language version of the Act, click here ) .The legislation implements the 2012  Marine Renewable Energy Strategy,  and authorizes the development of regulations to govern the industry. Also in late April, a new report, commissioned by the Offshore Energy Research Association of Nova Scotia (OERA), was released . Value Proposition for Tidal Energy Development in Nova Scotia, Atlantic Canada and Canada forecasts that over the next 25 years, the tidal energy industry could contribute up to $1.7 billion to Nova Scotia’s gross domestic product, create up to 22,000 full-time positions and generate as much as $815 million in labour income.   Annex 4 of the Report,   provides a tabular analysis of supply chain requirements, including a general assesment of the skilled worker/knowledge worker requirements.   The Annex is based on Module 9 of the Community and Business Toolkit for Tidal Energy Development  prepared by the Acadia Tidal Energy Institute (ATEI) .

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