The new regulation shares similarities with the existing Renewable and Low Carbon Fuel Requirements Regulation but introduces some noteworthy changes, such as requirements for renewable and low carbon jet fuel, prescribed non-transportation fuel end uses, updated provisions for penalties, a supplier exemption threshold for jet fuel, and a volumetric exclusion for electricity.
A second regulation, the Low Carbon Fuels (Technical) Regulation, is in the works and will be published in the coming weeks. This second regulation will focus on the technical details of the Low Carbon Fuels Act, incorporating both updated and new variables for calculating compliance units (credits and debits).
To provide further clarity and updates on these changes, the Low Carbon Fuels Branch hosted information sessions. The presentation slides are available Here.