Smart Prosperity Institute commends the Government of Ontario for its work to address transportation emissions and its proposal to use a flexible, performance-based regulation. If well executed, the modern renewable fuel standard has the potential to reduce carbon intensity as well as incentivize clean innovation.
A well-designed low carbon fuel standard (LCFS) can play an important role in the policy package needed to transition to a low-carbon economy. As a performance-based technology-neutral standard, an LCFS can create immediate emissions intensity improvements while at the same time incentivizing innovation in alternative fuel technologies and infrastructure. As such, not only can LCFSs improve the emissions intensity of the fuel used in today’s vehicle fleets, they can encourage clean innovation and help accelerate the clean energy transition in the transportation sector.
Click to view the the Government of Ontario Discussion Paper “Developing a modern renewable fuel standard for gasoline in Ontario.”