Canadian CFR Pricing & Trading Solutions
Our Canada CFR credits pricing and trading solutions help Canadian market participants of all sizes meet compliance requirements reliably and cost-effectively. Leveraging our experience in renewable fuels and environmental commodities, we are able to supply registered CFR credits to our customers while also advising them on the pathways for credit generation across three compliance categories: CO2 emissions reduction projects, low-CI fuel production or import, and transformative end-use fuel switching in transportation.
Contact our Environmental Commodities team to learn how our registered Canada CFR credits pricing and trading solutions can help your business unlock value while supporting the global transition to a more sustainable future.
About CFR Credits
At its heart, CFR mandates suppliers to curtail carbon emissions by adhering to stringent lifecycle carbon intensity (CI) limits for gasoline and diesel, measured in grams of CO2 equivalent per megajoule (gCO2e/MJ). One of the keys to successfully navigating the CFR lies in compliance credits, the tradable currency of carbon reduction.
The CFR program introduces a novel approach to regulate the carbon intensity of fuels in Canada. It specifically targets gasoline and diesel, two of the most prevalent and widely used fuel types. The key metric underpinning CFR is the lifecycle carbon intensity (CI), expressed as grams of carbon dioxide equivalent per megajoule (gCO2e/MJ). This metric provides a comprehensive measure of the environmental impact of different fuel types throughout their entire lifecycle, from production to consumption.
GREEN-E® CERTIFICATIONTargray is a registered participant in the Green-e Energy renewable energy certification program. Green-e carbon products and solutions undergo a through investigation process ensuring they are sourced from a eligible energy sources (e.g. – wind, solar, geothermal, biomass or low-impact hydropower) that meet international standard criteria.
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The Verra RegistryVerra is a global leader helping tackle the world’s environmental and social challenges by developing and managing standards that help the private sector, countries, and civil society achieve ambitious sustainable development and climate action goals. The standards and programs Verra develops and manages are globally applicable and advance action across a wide range of sectors and activities. Programs undergo extensive stakeholder consultation and expert review, and draw from four key components: standard, independent assessment, accounting methodologies, and registry.
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Gold StandardThe Gold Standard (GS) is a voluntary carbon offset program focused on progressing the United Nation’s Sustainable Development Goals and ensuring that project’s benefit their communities. It can be applied to voluntary offset and Clean Development Mechanism (CDM) projects. The GS CDM was launched in 2003 after a two-year consultation with stakeholders, governments, non-governmental organizations, and private sector specialists from over 40 countries. The GS for voluntary offset projects was launched in 2006. The GS project registry – containing all projects implemented through the standard was launched in 2018.
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American Carbon Registry (ACR)The American Carbon Registry (ACR), a nonprofit enterprise of Winrock International, was founded in 1996 as the first private voluntary greenhouse gas registry in the world. Winrock operates ACR to create confidence in the environmental and scientific integrity of carbon offsets in order to accelerate transformational emission reduction actions.
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Climate Action Reserve (CAR)The Climate Action Reserve (CAR) is an offset registry for global carbon markets. CAR establishes high quality standards for carbon offset projects, oversees independent third-party verification bodies, issues carbon credits generated from such projects and tracks the transaction of credits over time in a transparent, publicly-accessible system.
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International Emissions Trading Association (IETA)The International Emissions Trading Association (IETA) is a non-profit association with more than 250 members who are active stakeholders in the international carbon and emissions markets. The organization was created in 1999 to establish a global framework for greenhouse gas emission reductions trading.
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INTERNATIONAL SUSTAINABILITY & CARBON CERTIFICATION (ISCC)ISCC is a globally applicable sustainability certification system that covers all sustainable feedstocks, including agricultural and forestry biomass, circular and bio-based materials and renewables. |
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Xpansiv CBLCBL has established the first of its kind Standard Instruments Program (SIP) to build on market infrastructure to accompany and govern the launch of spot contracts for the settlement and physical delivery of environmental commodities across existing registries that can be determined as meeting certain defined, standardized criteria for market quality and performance. |
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