Nova Scotia just released the results of the first auction of its provincial Cap & Trade program. ClearBlue has been following the development of the Nova Scotia Cap & Trade program from its early days and provided some insight into the results below for Carbon Pulse.
“'[Mandatory participants] don’t really have a reference there to put bids on, so they likely used the price in Quebec,' Nicolas Girod, managing director of Toronto-based analysts ClearBlue Markets, told Carbon Pulse."