Topic:"Cap And Trade" in M12835

Nova Scotia Cap-and-Trade Program NSPI was a participant in the Nova Scotia Cap-and-Trade Program and was subject to the 2019 through 2022 compliance period. NSPI received granted emissions allowances and was permitted to purchase up to fi...

AI summary NSPI participated in Nova Scotia's Cap-and-Trade Program from 2019–2022, purchasing allowances and reserve credits due to a shortfall caused by lower-than-expected Muskrat Falls energy. The Province provided additional allowances in 2023, reversing $166M in anticipated compliance costs, while $6M spent on provincial auction credits remained unreimbursed.

Nova Scotia Cap-and-Trade Program NSPI was a participant in the Nova Scotia Cap-and-Trade Program and was subject to the 2019 through 2022 compliance period. NSPI received granted emissions allowances and was permitted to purchase up to fi...

AI summary NSPI participated in the Nova Scotia Cap-and-Trade Program from 2019 to 2022. Due to lower-than-expected energy from Muskrat Falls, higher carbon-emitting sources were used, increasing compliance costs. In March 2023, the Province provided additional emissions allowances, reversing $166 million in anticipated costs, with $6 million in credits already purchased and not refunded.

Environmental Regulation - In October 2017, the Province passed amendments to the Environment Act for the development of a capand-trade program for carbon emissions, which became effective on January 1, 2019. - In July 2021, the Province a...

AI summary Nova Scotia implemented various environmental regulations, including a cap-and-trade program and renewable energy mandates. The Province amended the RER to require 80% renewable electricity sales by 2030 and phased out coal-fired generation by 2030. An Equivalency Agreement with Canada allowed NSPI to comply with federal GHG regulations until 2029. NSPI faced a $10 million penalty for noncompliance with the RER in 2022 and appealed it. The Province also enacted Bill 404, establishing the NSIESO to manage the electricity grid starting in late 2025.