Working together to take action on climate change will give Canada an edge in building a clean-growth economy. HALIFAX, Nov. 21, 2016 /CNW/ - Today, the Honourable Catherine McKenna, Minister of Environment and Climate Change, announced that the Governments of Canada and Nova Scotia have agreed on an approach to price carbon pollution, and they have committed to working together to negotiate a new equivalency agreement on the accelerated coal phase-out that was announced earlier today in Ottawa. Nova Scotia will implement a cap-and-trade system that aligns with Canada's pan-Canadian approach, announced earlier this year, to pricing carbon pollution. Nova Scotia will also adopt a province-wide target that meets or exceeds Canada's target of reducing emissions by 30 percent, from 2005 levels, by 2030. The Government of Canada has also announced plans to accelerate the phase-out of traditional coal-fired electricity units. ¿This plan will involve accelerating the timelines in the existing regulation under the Canadian Environmental Protection Act, 1999 (CEPA). Nova Scotia is expressing interest in entering into an updated equivalency agreement with the Government of Canada under section 10 of CEPA, for these new requirements. This initiative builds on the leadership Nova Scotia has demonstrated in the transition from coal-fired electricity to renewable power. The federal government is working closely with provinces and territories, and Indigenous peoples, to finalize the plan at the First Ministers' Meeting, in December, to meet or exceed our climate-change target, grow the economy, and build resilience to a changing climate. Together, we will create the clean-growth economy necessary for the collective health, prosperity, and security for this generation of Canadians—and the next.