Advanced Biofuels Canada applauds the Government of Ontario for stronger renewable fuel requirements and new incentives to expand use of low carbon biofuels.
VANCOUVER, BRITISH COLUMBIA, CANADA, December 3, 2018 /EINPresswire.com/ — On November 29th, the Government of Ontario released its Made-in-Ontario Environment Plan with specific climate action initiatives that will require increased use of renewable and low carbon fuels.
Key elements of the climate plan:
1. Renewable content (e.g. ethanol) in gasoline will increase to 15% as early as 2025 under the Greener Gasoline regulation
2. Increased use of renewable natural gas and other lower carbon fuels will be encouraged
3. Large emitters will be subject to emission performance standards
4. A Carbon Trust Fund ($350M) and Ontario Reverse Auction Fund ($50M) will provide financial assistance for emissions reduction initiatives
The plan builds on the amended Ethanol in Gasoline and Greener Diesel regulations that come into effect January 1, 2020.
“With this plan, Ontario continues to address it largest single greenhouse gas emissions source: transportation. Today’s vehicles are using lower carbon, made-in-Ontario biofuels that can reduce these emissions further to meet Ontario’s 2030 targets,” said Ian Thomson, President of Advanced Biofuels Canada. “Building on federal action on liquid fuels, the province is signaling new demand for low carbon advanced biofuels. Sustainable agricultural and forestry crops and residues can provide these biofuels, as can urban and industrial waste streams.”
Advanced biofuels can reduce GHG reductions by up to 115% below fossil fuels.
Thomson concluded, “We applaud the new initiatives to expand use of advanced biofuels in Ontario and look forward to working closely with the Province to implement the Made-in-Ontario Environment Plan measures. Incenting private sector innovation, with a welcome mat to low carbon fuel producers, will be critical to meeting the our climate goals.”
Advanced Biofuels Canada/ Biocarburants avancés Canada is the national voice for producers, distributors, and technology developers of advanced biofuels. ABFC promotes the production and use of low carbon advanced biofuels in Canada, which our members supply across North America and globally. These companies have invested in processing and supply chain operations in Ontario and are actively bringing to market the next generation of low carbon biofuels. Since 2005, ABFC has provided provincial and federal leadership on sound biofuels policies to expand clean energy options, achieve measurable climate action results, and stimulate new investments and clean growth. For information on Advanced Biofuels Canada and our members, visit: www.advancedbiofuels.ca.
Source: EIN Presswire