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31. January, 2023

Nova Scotia plans to phase out their cap-and-trade program for output-based pricing system

European CarbonNorth American Carbon

As of January 2023, Nova Scotia will begin replacing its cap-and-trade system with an output-based pricing system in order to comply with federal carbon pricing regulations. The Canadian province will conduct two more auctions in 2023 as well as a Reserve sale to allow compliance entities to obtain carbon allowances for any outstanding emissions.

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In 2018, the Canadian federal government under Prime Minister Justin Trudeau, implemented a national carbon pricing backstop system intended to reduce greenhouse gas emissions throughout the country. Under the regulation, each Canadian jurisdiction must im…

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Carbon
EU ETS1, EU ETS2, North American Carbon, GCC
Carbon
EU ETS1, EU ETS2, North American Carbon, GCC
Fuels
Biomethane, Transport fuels
Fuels
Biomethane, Transport fuels
Power Purchase
Agreements (PPAs)
Asset valuation, Deal flow, Market prices
Power Purchase
Agreements (PPAs)
Asset valuation, Deal flow, Market prices
Energy Attribute Certificates (EAC)
GOs, REGOs, Global Certificates
Energy Attribute Certificates (EAC)
GOs, REGOs, Global Certificates

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