New fund aims to reduce emissions in N.S. seafood sector

New fund aims to reduce emissions in N.S. seafood sector

Nova Scotia’s seafood sector is set to reduce its carbon footprint further with the new Fisheries and Aquaculture Energy Efficiency Innovation Fund. Among the first to benefit is COVE resident company Glas Ocean Electric, receiving $198,000 to spearhead electric vessel conversion studies in northern Nova Scotia and Cape Breton.

The program, backed by a $6.5 million provincial investment, will fund projects that cut greenhouse gas emissions from boats, buildings, and other operations, and promote clean technology adoption. The fund supports initiatives like electric and hybrid technology for fishing fleets, renewable energy systems, equipment upgrades, and emission-reduction research. Additionally, the Nova Scotia Fisheries and Aquaculture Loan Board offers reduced-interest loans to support these projects.

With its focus on innovative electric vessel conversion, Glas Ocean Electric is at the forefront of this sustainable transformation, paving the way for a greener future in the seafood sector.

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