Crediting Factsheets

Regulated facilities pay the Nova Scotia Government for fund credits when they owe a compliance obligation (i.e., when they have emitted in excess of their emissions limit). The Nova Scotia government may award regulated facilities a performance credit when they have emitted less than their emissions limit. This means that one performance credit is equivalent to one tonne of carbon dioxide equivalent and one fund credit is equivalent to one tonne of carbon dioxide equivalent. The price of fund and performance credits escalates from 2023-2030 according to Canada’s Minimum National Carbon Pollution Price Schedule (2023-2030).