In its efforts to promote the development of innovative technologies to create a stronger Canadian economy, on Wednesday, the Government of Canada sent a clear message to industry and investors that now is the moment to introduce more sustainable technologies, energy-efficient practices, and affordable low-carbon fuels to market.
As per a press release, the Honourable Steven Guilbeault, Minister of Environment and Climate Change announced the publication of the final Clean Fuel Regulations (CFR).
The CFR introduced more stringent requirements on importers and producers to lower the carbon intensity of diesel and gasoline. Once fully implemented, CFR can reduce up to 26.6 million tonnes of greenhouse gas pollution in 2030, or roughly the amount of GHGs currently generated by the entire Canadian economy in two weeks.
The Government of Canada expects the CFR to generate important economic opportunities by creating and utilizing clean fuels and technologies.
The Clean Fuel Regulations replace the current federal Renewable Fuels Regulations. In implementing regulations that address emissions throughout the lifecycle of fuels, Canada is following similar methods already in place across British Columbia, California, and Oregon. These jurisdictions have benefited from the expansion of clean technology industries due to these regulations.
In combination with the Government of Canada’s CA$1.5 billion Clean Fuels Fund, the CFR will provide incentives for developing domestic production of low-carbon-intensity fuels (such as ethanol).
This creates economic opportunities for feedstock producers like foresters and farmers. This will also allow Canadian fuel producers to compete in a rapidly expanding global market for sustainable energy sources.
Working in tandem with pollution pricing and the forthcoming oil and gas emissions cap, the Clean Fuel Regulations will also help diversify energy choices and promote faster adoption of zero-emission vehicles by incentivizing the deployment of vehicle-charging infrastructure.
“The move to power our economy with more low-carbon and clean fuels is happening now across Canada. I am excited to see new investments that are creating sustainable jobs for workers and their communities. It just goes to show that we can deliver clean air, good jobs, and a strong economy all at once. The Clean Fuel Regulations help secure a foundation for more growth in the industries that will help Canada achieve net-zero emissions while continuing Canada’s role as a global supplier of energy,” said The Honourable Steven Guilbeault, Minister of Environment and Climate Change
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