What is a CFR credit?
Each credit represents the life cycle emission reduction of one tonne of CO2-equivalent. Entities that reduce the carbon intensity of fuels or supply fuels with a carbon intensity below the established benchmark generate CFR credits (as further described in the next section). For example, electric vehicle charging and the use of biogas / renewable natural […]
Each credit represents the life cycle emission reduction of one tonne of CO2-equivalent. Entities that reduce the carbon intensity of fuels or supply fuels with a carbon intensity below the established benchmark generate CFR credits (as further described in the next section). For example, electric vehicle charging and the use of biogas / renewable natural gas (RNG) or hydrogen are eligible to generate CFR credits. Credits are registered and traded via the Credit and Tracking System (CATS), a web-based platform where credit verification, validation and compliance reporting are managed. The CFR incentivizes suppliers of carbon-intensive fuels to reduce emissions beyond what they are required to do as part of their regulatory compliance because of the opportunity to generate and sell credits.
