What is the Clean Fuels Program (CFP)?
The Oregon CFP is a statewide market-based incentive (MBI) program that aims to reduce the carbon intensity (CI) — the measurement of lifecycle greenhouse gas emissions — of transportation fuels in all stages (extraction, refining, production, dispensing, or combustion). The program established specific targets for the average CI of both gasoline and diesel each year […]
The Oregon CFP is a statewide market-based incentive (MBI) program that aims to reduce the carbon intensity (CI) — the measurement of lifecycle greenhouse gas emissions — of transportation fuels in all stages (extraction, refining, production, dispensing, or combustion). The program established specific targets for the average CI of both gasoline and diesel each year through 2035, when it requires a 37% decrease in CI compared to the baseline year 2015. Oregon’s CFP requires that in-state producers and out-of-state importers of fossil and renewable fuels, with certain exemptions, participate in the program. Generally speaking, fossil fuel producers generate deficits while renewable fuel producers generate credits. Functioning similarly to the LCFS in California, the CFP requires that these deficit holders must retire credits they generate themselves or purchase credits from other entities.
