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Home > LCFS Markets > Canada
In 2023, the Canadian government implemented the Clean Fuel Regulations (CFR) to lower the Carbon Intensity (CI) of transportation fuels - a major source of greenhouse gas emissions in Canada. The CFR is similar in structure to other clean fuel programs but has the unique quality of being stackable with the BC-LCFS program. Compliance requires rigorous annual third-party verification of credits, a complex process that Managed Solutions oversees on behalf of our partners.
Annual, prior to Credit Issuance.
Provinces Eligible for CFR Credits:
Tracking Registry
Administering Agency
Compliance Period // Credit Issuance Schedule
Credit Useful Life:
Book-and-Claim RECs Accepted
For updates on CFR markets including pricing, regulatory updates, and market analyses, please visit our blog.
Learn moreThe CFR program establishes Carbon Intensity (CI) standards for gasoline and diesel fuel produced or imported in the state. Fuel suppliers (typically oil and gas companies) that exceed the CI standard may stay in compliance by purchasing credits that are issued to parties (like electric vehicle charger companies or biofuel producers) that supply fuel with a CI that is lower than the standard. Each year, the CI standard decreases in order to continue to support the market structure (i.e. driving demand for credits) and move towards the program goals of a lower carbon fuel system.
| Compliance Year | Carbon Intensity Reduction | Gasoline (gCO2e/MJ) | Diesel (gCO2e/MJ) |
|---|---|---|---|
| 2023 | 4% | 91.5 | 85.00 |
| 2024 | 5% | 90.00 | 83.50 |
| 2025 | 7% | 88.50 | 82.00 |
| 2026 | 8% | 87.00 | 80.50 |
| 2027 | 10% | 85.50 | 79.00 |
| 2028 | 12% | 84.00 | 79.00 |
| 2029 | 13% | 82.50 | 79.00 |
| 2030 and subsequent years | 15% | 81.00 | 79.00 |
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