CFR: Release of the First Credit Market Report
The first Credit Market Report for the Clean Fuel Regulations has been published. This report presents data on the compliance credit market, summarizing data on credit creation between June 21, 2022 to December 31, 2023 (where applicable), and data on credit transfers between June 30, 2023 to May 31, 2024. A pdf version is available on the CFR Google Drive (11 - CFR Outreach - Google Drive) and will be available at Publications.gc.ca in the coming days. For RNG under CC2 24,550 credits were created. The average credit price was $133 with a maximum credit price of $300. The lowest CI of RNG was 18 gCO2e/MJ and the highest was 80 gCO2e/MJ, for an average of 70.1 gCO2e/MJ.