BRITISH COLUMBIA’S NEW RENEWABLE FUELS REGIME DELIVERS ENVIRONMENTAL BENEFITS AND NEW INVESTMENT
FOR IMMEDIATE RELEASE
December 22, 2009
BRITISH COLUMBIA'S NEW RENEWABLE FUELS REGIME
DELIVERS ENVIRONMENTAL BENEFITS AND NEW INVESTMENT
(OTTAWA) --- The Canadian Renewable Fuels Association (CRFA) today greeted news of the government of British Columbia's enactment of its Renewable and Low Carbon Fuel Regulation by describing it as an important boost for both the environment and our economy. The effect of the regulation is to amend the December 2008 Renewable Fuel Requirements Regulation to reduce the carbon intensity of transportation fuels by 10 per cent by 2020.
"The government of British Columbia has taken further steps to create a low-carbon future," said Doug Hooper, Chair of the CRFA. "This approach provides industry with a framework that will generate jobs, increase economic activity and lower harmful greenhouse gas emissions."
The new regulation offers the renewable fuels industry the opportunity to demonstrate its low-carbon advantages as compared to traditional fossil fuels. It relies on a science-based life-cycle analysis that rewards techniques and technologies that exhibit clear environmental gains.
A recent independent study by econometrics firm Cheminfo Services Inc. determined that Canadian-produced renewable fuels reduce greenhouse gas emissions by 62 per cent and 99 per cent respectively for ethanol and biodiesel.
"Transportation fuels constitute one third of Canada's carbon footprint," said Hooper. "Smart regulations such as this will therefore help make a demonstrable difference in B.C.'s stated goal of lowering greenhouse gas emissions by 33 per cent by 2020."
The same regulation also amends the five per cent renewable fuel content requirement for diesel. As a consequence, biodiesel requirements will now be phased in with an escalating target that sees the fuel requirement rise from a three per cent target for 2010 to five per cent by 2012.
The CRFA is a non-profit organization with a mission to help Canada grow beyond oil by promoting the use of renewable fuels for transportation.
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