In Canada, Advanced Biofuels Canada released the Biofuels in Canada (BIC) 2019 report, which updates and expands upon previous reports by Navius Research. The 2019 report’s open-source database catalogs 2010-2017 biofuel blending rates, biofuel types, and feedstocks utilized at the provincial level, with aggregated Canadian results. GHG reductions are assessed annually by fuel type, with estimates of biofuels impact on consumer fuel expenditures, GHG abatement costs, and an updated analysis of taxation policies’ impact on biofuel costs.
“While use of biofuels has been relatively stable between 2013-2017, improvements in the lifecycle carbon intensity of biofuels have delivered record greenhouse gas emission reductions, with no material change to consumer fuel prices. The Navius analysis supports federal and provincial efforts to regulate GHG emissions in transport fuels and, based on observed prices, demonstrates that market-based measures such as BC’s LCFS can cost-effectively lead the transition to cleaner fuels. Increased use of clean fuels in Canada is key to meeting our Paris Agreement commitments – and advanced biofuels production will support our farming, forestry, and rural communities. As the world shifts to lower carbon sustainable fuels, Canada is well positioned to expand production of clean renewable fuels.”
Category: Producer News