Renewable Industries Canada is pleased to see that the new Conservative plan to price carbon, create incentives to reduce carbon emissions, and ensure the market signals needed to successfully invest at home and competitively trade abroad.
We also welcome the proposed low-carbon fuel standard (LCFS) to help decarbonize the transportation sector, one of the most pressing challenges facing the environment.
The adaption of a LCFS had proven successful in other jurisdictions and can provide a central pillar for the clean fuels economy as we strive for a Net Zero future. We believe that a well-structured LCFS will drive investment to enable Canada to become a world leader in the production of biofuels, sustainable aviation fuel and green hydrogen.