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Nova Scotia sells out inaugural cap-and-trade auction above floor price

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."

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