Canadian Biofuels: Clean Fuel Regulation, Competitiveness and Budget 2024

Doug Hooper, Director of Policy and Regulations at Advanced Biofuels Canada, discussed the Clean Fuels Regulation (CFR) in the Arc Energy Institute podcast. The CFR, effective since July 1, 2023, mandates a 2% annual reduction in gasoline and diesel carbon intensity, targeting a 15% reduction by 2030, with biofuels playing a crucial role. He also highlighted the competitive challenges posed by the U.S. Inflation Reduction Act of 2022, which has dampened Canadian biofuel investments. The 2024 Canadian Federal Budget introduces measures to address this, but their effectiveness remains to be determined.

Listen to the Episode Here

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