Legislation creating a new Low Carbon Fuels Act will modernize and expand the B.C. Low Carbon Fuel Standard to encourage broader investment and innovation in the production and use of low carbon fuels and reduce greenhouse gas emissions.
The B.C. Low Carbon Fuel Standard (LCFS) requires fuel suppliers to progressively decrease the average carbon intensity of the fuels they supply to users in B.C. to reach a carbon intensity reduction of 20% by 2030. The LCFS is the single largest contributor to meeting CleanBC climate targets. New legislation would replace the existing Act governing the LCFS – the Greenhouse Gas Reduction (Renewable and Low Carbon Fuel Requirements) Act – with a new Low Carbon Fuels Act. The legislation fulfils commitments in the CleanBC Roadmap to 2030 to expand and increase the effectiveness the LCFS. Stimulating the production and use of renewable and low carbon fuels like hydrogen, biodiesel and renewable natural gas will generate jobs and economic opportunities for First Nations, businesses, innovators, and communities around the province while reducing greenhouse gas emissions.