Canada takes another step toward a NetZero carbon emissions future, with critical role for low-carbon sustainable biofuels
Advanced Biofuels Canada (ABFC) released today its response to the release by the Government of Canada of the full draft Clean Fuel Standard (CFS) regulation.
Confirmation of previous elements, and new proposals in today’s release include,
- The stringent 2030 targets of 12 gm CO2e/MJ
- Implementation date of December 1, 2022 with first reporting period 2022-2023
- Biofuel sustainability criteria with see greater alignment with key US trading partner
- Eligibility for gaseous and solid credits (up to 10% in total) of annual obligation
- Greater flexibility and generation of CC1 (upstream) and CC3 (transportation switching) credits
Environment and Climate change Canada (ECCC) will be receiving comments on the draft regulation over the 75-day period to March 4, 2021.
“Today’s release of the draft regulation is a critical signal to the fossil and clean fuels sectors that Canada is determined to have a leadership role in transitioning to a low carbon economy, and particularly regarding the transportation sector’s rising emissions,” said Ian Thomson, Advanced Biofuels Canada’s President. “Canada has a wealth of sustainable, renewable energy sources, and paired with our clean technology innovators, we have the opportunity to realize significant domestic benefits from an expanded advance biofuel sector in Canada.
Environment and Climate Change Canada also released last week a suite of policy and fiscal measures that will complement the proposed CFS. This intelligent and integrated approach to building out the clean fuel sector in Canada is intended to mirror the success of other jurisdictions. We look forward to working with the Government of Canada over the coming year to ensure that the final regulation delivers on the potential of this regulation to contribute meaningfully to a prosperous, low carbon economy for our country.”
Advanced Biofuels Canada/ Biocarburants avancés Canada is the national voice for producers, distributors, and technology developers of advanced biofuels. Our members are Canadian and global leaders in commercial production of a range of synthetic fuels and advanced biofuels from sustainable feedstocks, with over 14 billion litres of installed annual capacity worldwide. Our members include Canada’s leading technology innovators who are actively developing new clean liquid fuels production and distribution assets in Canada.