Program Details

Please see the Auction details section for information on Auctions.

Key dates

  • April 9, 2021 – Application period opens for first auction
  • May 1, 2021 – Deadline for 2021 GHG report and verification
  • May 10, 2021 – Application period closes for first auction
  • May 28, 2021 – Bid guarantees due for first auction
  • June 9, 2021 – First auction held
  • September 22, 2021 – Application period opens for second auction
  • October 1, 2021 – Deadline for new mandatory participants to register and apply for accounts
  • October 22, 2021 – Application period closes for second auction
  • November 10, 2021 – Bid guarantees due for second auction
  • November 23, 2021 – Second auction held

Legislation

Amendments to the Environment Act allow government to create the cap-and-trade program and regulations to support it.

Cap-and-trade program regulations

The Cap-and-Trade Program Regulations and framework document outline how the program works. They include greenhouse gas emission caps, rules for distributing, buying and selling greenhouse gas allowances, and other details.

Reporting emissions and participating in cap and trade

The following types of companies must report their greenhouse gas emissions, get them verified by a third party, and participate in the cap-and-trade program:

  • Facilities that generate 50,000 tonnes of greenhouse gas emissions or more per year from one or more specified activities
  • Petroleum product suppliers that first place or produce 200 litres of fuel or more per year for consumption in the Nova Scotia market
  • Natural gas distributers that deliver natural gas for consumption in Nova Scotia that, when combusted, produces 10,000 tonnes of greenhouse gas emissions or more per year
  • Electricity importers with 10,000 tonnes of greenhouse gas emissions or more per year from imported electricity consumed in Nova Scotia

Reporting regulations

The rules for reporting greenhouse gas emissions are outlined in:

Greenhouse gas emission data for 20172018 and 2019 reported under these regulations are available.

Petroleum product pricing regulations

Amendments to the Petroleum Product Pricing Regulations allow the Utility and Review Board to apply the carbon price to gas and diesel.

Program participants

The following are mandatory cap-and-trade program participants:

Legal Name

CITSS Entity ID

GHG ID

Canadian Enterprise Gas Products, Ltd.

NS2865

20020

Canadian National Railway Company

NS2879

20001

Cape D'or Holdings Limited

NS2885

20003

Elbow River Marketing Ltd.

NS2892

20005

Heritage Gas Limited

NS2869

30002

Highlands Fuel Delivery G.P.

NS2895

20007

Imperial Oil

NS2881

20008

Irving Oil Commercial G.P.

NS2893

20009, 30003

Irving Oil Marketing G.P.

NS2894

20010

Kildair Service ULC

NS3022

20027

KIROS Energy Marketing ULC

NS2987

20025

Lafarge Canada Inc.

NS2882

10003

Maritimes & Northeast Pipeline Limited Partnership

NS2955

30001

NGL Supply Co. Ltd.

NS2856

20011

Northern Pulp Nova Scotia Corporation

NS2883

10004

Nova Scotia Power Incorporated

NS2880

10005, 10006, 10007, 10008, 10009, 40001

Parkland Corporation

NS2867

20012

Plains Midstream Canada ULC

NS2860

20014

Scotia Propane Limited

NS2982

20023

Sobeys Capital Incorporated

NS2910

20015

Sterling Fuels Limited

NS2927

20022

Suncor Energy Marketing Inc.

NS3070

20021

Suncor Energy Products Partnership

NS2859

20016

Superior Plus LP

NS2873

20017

Supreme Tank Inc.

NS2990

20026

Valero Energy Inc.

NS2870

20018

Wilson Fuel Company Limited

NS2884

20019

Summary of Market Transactions

As transactions occur between companies in the cap-and-trade program, this section is updated to provide annual summaries of those transactions. 
No transactions have occurred to date and no summaries are available at this time. 

Reporting emissions

  • Companies must use the standard reporting form to submit greenhouse gas emissions reports and any additional information listed in the regulations and standards to Nova Scotia Environment.
  • Reporting via SWIM is preferred. Follow the instructions to register on SWIM. You must register before you can use it. Otherwise, reports can be submitted to GHGreporting@novascotia.ca.
  • Greenhouse gas emissions reports must be verified by an accredited third-party organization. Lists of eligible verification bodies are available at:
  • An attestation form must accompany greenhouse gas emissions reports for fuels sold to a facility that is participating in Nova Scotia’s cap-and-trade program.
  • This attestation form may also be used to document fuels that are exported outside of Nova Scotia or used exclusively in aviation or marine applications. Other documentation deemed acceptable by the verification body may also be used.

Registering in the program

Registration for the cap-and-trade program is now open. Participating companies must register using the Compliance Instrument Tracking System Service (CITSS)

Registration requirements are outlined in Section 5 of the Cap-and-Trade Program Regulations. Forms and documents required for each part of the registration process are below, along with guidance on how to complete the registration:

Part 1 – user registration

Part 2 – account application

Please send any questions about the registration process to capandtradehelp@novascotia.ca

Participating in auctions

60 days before an auction, the province will provide notice with details about participating in the event. Mandatory participants registered in the program may take part in an auction of emission allowances. Each auction participant must register as a bidder no later than 30 days before the auction and submit a financial guarantee to the province no later than 12 days before the auction.
Auctions will be administered through CITSS and Auction Platform. Each auction will have a single round of bidding using sealed bids. The emission allowances will be auctioned in lots of 1,000 emission allowances. The minimum price per allowance will increase annually by 5% plus inflation.
For auctions held in 2021, the minimum price will be $21.09

Further details about auctions are available in the resources below:

Auction Notices and Results

June 10, 2020

December 2, 2020

Public Proceeds Report