Fraction of Nova Scotia’s Green Fund spent on climate change programs: auditor – Halifax

Nova Scotia’s Comptroller General says only a fraction of government funds set up to tackle climate change are being spent on solving the problem.

According to Kim Adair, a performance audit of the Green Fund found that about $74 million was transferred from the fund in its first two years of operation, while only 1,190 was spent on climate change programs. just a million dollars.

Adair said most of the funds (about $60 million) are in bank accounts of “program partners.”

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According to her report, it remains unclear why the Ministry of Environment and Climate Change handed millions of dollars to non-governmental groups before the funds were needed to carry out Green Fund initiatives.

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According to Adair, the audit emphasizes the importance of funding only when necessary to ensure it is used for its intended purpose.

The Green Fund was established in 2019 to collect income from Nova Scotia’s cap-and-trade program. This allowed companies to emit greenhouse gases as long as they purchased allowances.

This report by the Canadian Press was first published on February 28, 2023.

© 2023 The Canadian Press

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