Summary of Nova Scotia Cap and Trade Program Development

On March 15, 2017, the Nova Scotia Department of Environment hosted a stakeholder consultation session regarding the development of Nova Scotia’s Cap and Trade Program, supported by a summary document released prior to the session. The objective of the session was to present some early program design options being considered, provide an opportunity for stakeholders to ask questions, and elicit feedback. The final date for submission of stakeholder comments and feedback was March 31, 2017, although there will be “additional opportunities for stakeholders to participate and provide feedback throughout 2017.

From the perspective of liquid biofuels, the primary opportunity here is to provide a low-carbon, emissions abatement opportunity for transportation and heating fuels. The Province is proposing that these fuels be regulated at the point they are brought into Nova Scotia for local consumption, as opposed to the point of combustion/emission as is the case with other sectors. This creates a unique challenge, in that the regulated entity (fuel distributors) aren’t able to directly implement new technologies that reduce emissions, by increasing combustion efficiency for example. Therefore, incorporating low-carbon biofuels may help them meet their emissions obligations.

For the full downloadable copy of the summary, please click the like below.

Summary of Nova Scotia Cap and Trade Program Development by Ryan Duff .pdf

For more information contact:

Ryan Duff

Senior Consultant

BioApplied Innovation Pathways