Americas > Nova Scotia’s final carbon auction slumps 30% from prior sale, despite market need for allowances

Nova Scotia’s final carbon auction slumps 30% from prior sale, despite market need for allowances

Published 18:34 on December 14, 2022  /  Last updated at 18:34 on December 14, 2022  / Matthew Lithgow /  Americas, Canada

The December Nova Scotia cap-and-trade auction cleared roughly in the middle of the scheme’s price floor and all-time high settlement, according to results published Wednesday, though companies are reportedly still very short as the Canadian province’s carbon market gets ready to wind down at year-end.
The December Nova Scotia cap-and-trade auction cleared roughly in the middle of the scheme’s price floor and all-time high settlement, according to results published Wednesday, though companies are reportedly still very short as the Canadian province’s carbon market gets ready to wind down at year-end.


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