Canada’s Clean Fuel Credit Market in 2024: Expansion in Credits with Flat Volume Growth
On July 12th, 2025, Environment and Climate Change (ECCC) released the Clean Fuel Regulations (CFR) 2024 Quarterly Credit Market Report. Designed to reduce the life cycle carbon intensity of transportation fuels, the CFR credit system enables producers and importers to comply by generating or purchasing credits tied to low-carbon fuel supply and use in vehicles. This is the second edition of the report. The first was published in June 2024. cCarbon published the Canada CFR Data Release Analyst note based on the program data, offering a detailed analysis of the credit market trends.