Roadmap For Made-In-Canada Renewable Fuels Unveiled
The Canadian Renewable Fuels Association today unveiled a comprehensive plan to implement the federal government’s commitment to require 5 percent renewable content in Canadian gasoline and diesel fuel.
“Today we are releasing a realistic roadmap to create a Made-in-Canada renewable fuels industry,” said Executive Director Kory Teneycke. “This paper is the product of an unparalleled consultation process with organizations in the ethanol and biodiesel industry. Every portion of the biofuels value chain has participated in this policy process, including: farmers, agribusiness, fuel producers and consumers.”
This policy is about more than ensuring a market for renewable fuels in Canada. It is about increasing ethanol and biodiesel production as well. This requires putting in place an economic and regulatory environment that is competitive with other countries and the rest of the energy industry. This will allow Canada to experience the economic as well as environmental benefits associated with increased renewable fuel use.
Recommended policies articulated in the Canadian Renewable Fuels Strategy include:
- Requirement for an average of 5% renewable fuel content in Canadian fuel
- Tax credits for ethanol and biodiesel production, instead of the existing excise tax exemption
- Programs to encourage farmer equity investment in renewable fuels production facilities and to support emerging technologies
These policies will help to promote the creation of an efficient national Canadian biofuels industry that can compete with imported products while adhering to international trade agreements. The paper also lays out the need for clear standards for renewable fuels to ensure the quality and safety of the Canadian fuel supply is maintained.
“Renewable fuels, such as ethanol and biodiesel, will lower greenhouse gas emissions, provide a hedge against rising fuel prices, and create sustainable jobs in rural Canada,” added Teneycke. “We are confident that with continued consultation and input, this Made-in-Canada renewable fuels strategy will fuel change across Canada.”
Summary of the report: Here
Read the full report: Here