CFS Services
Leveraging regional CFS programs to speed up transportation decarbonization
Organizations across the country are tapping into revenue available through Clean Fuel Standards (CFS) programs and other statewide market-based incentive programs for their transportation decarbonization initiatives. By accessing these market incentives, both public and private entities can lower their total cost of ownership and infrastructure deployment, subsidize the transition to low-carbon transportation solutions, and accelerate progress toward greenhouse gas reduction goals.
What is the LCFS?
The California LCFS is a statewide market-based policy introduced in 2010 to accelerate the decarbonization of the state’s transportation fuel pool. The regulation forces producers/distributors of petroleum-based fuels to purchase credits from companies using or furthering the use of low carbon fuels.
Partners in Sustainability
Regional access to transportation market-based incentives is expanding
Clean Fuel Standards (CFS) like the LCFS are expanding across many states and regions in North America and around the world. Broadly speaking, a CFS is a policy that sets a carbon intensity (CI) target for transportation fuels and allows low-carbon or clean fuels to generate credits based on their CI relative to the target in a given year.
Current CFS programs beyond California include Oregon’s Clean Fuels Program (CFP), British Columbia’s Low Carbon Fuels Standard (LCFS), Washington’s Clean Fuel Standard (CFS), and Canada’s Clean Fuel Standard (CFS), with several other states and regions in various stages of the legislative process to establish a CFS.
MARKET-BASED INCENTIVES (MBI) PROGRAM ADOPTION
◉ Active or About to Begin (British Columbia, California, Canada, Oregon, Washington)
◉ Proposed or Exploring (Illinois, Massachusetts, Michigan, Minnesota, Nebraska, Nevada, New Mexico, New York, Ohio, Pennsylvania)
Map current as of Q1 2023
CFS Program Services
3Degrees helps organizations access the most value possible through your local CFS:
PHASE 1.
- Identify all eligible fueling activities under each program
- Appraise credit value
- Manage CFS pathway approval process
PHASE 2.
- Manage ongoing reporting and compliance requirements under each pathway
- Provide assurance for program data quality standards
- Ensure mandatory reporting deadlines are met
PHASE 3.
- Maximize credit generation by matching charging with a cost-effective supply of eligible green power
- Optimize program revenue through a custom, long-term green power sourcing strategy
PHASE 4.
- Secure highest possible return for partners by aggregating credits
- Shield partners from market risk by arranging custom offtake agreements
Understand the value of your CFS for your business & how 3Degrees can help:
LCFS PROGRAM BENEFITS FOR EVERY APPLICATION* |
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| Distribution centers & warehouses |
Estimated annual credit value: |
| Overland fleets |
Estimated annual credit value: |
| Electric vehicle and charging manufacturers |
Estimated annual credit value: |
| EV Charging Stations |
Estimated annual credit value: |
| Public Fast Charging (DCFC) |
Estimated annual credit value: |
LCFS PROGRAM BENEFITS FOR EVERY APPLICATION* |
|
| Distribution centers & warehouses |
Estimated annual credit value: |
| Overland fleets |
Estimated annual credit value: |
| Electric vehicle and charging manufacturers |
Estimated annual credit value: |
| EV Charging Stations |
Estimated annual credit value: |
| Public Fast Charging (DCFC) |
Estimated annual credit value: |
*Assumes that zero-CI electricity is matched with charging, and estimates EV charging based on average utilization rates and charging for each EV application. An average 2021 price for California LCFS credits as reported by CARB was applied to calculate these values.
CALCULATE YOUR FLEET POTENTIAL
Check out our interactive CFS calculator to uncover the revenue potential of your fleet:
Proterra’s ability to help our transit customers easily register and monetize their LCFS credits in an inexpensive and transparent way helps lower the barrier to entry to deploy battery electric buses and chargers. Proterra appreciates working with 3Degrees and their professional approach in accessing the LCFS market.
The 3Degrees Difference:
- Understand your true CFS revenue potential: 3Degrees offers complete transparency into CFS credit value and can guarantee maximum CFS value by accessing zero-CI RECs from our extensive renewable energy portfolio.
- Trust an industry leader: 3Degrees is the #1 supplier of RECs in N. America and a leading supplier of qualifying RECs to CFS markets with over 15 years of experience in market-based incentive programs. We have also been operating as experts in ARB compliance programs since 2007.
- Mitigate CFS program risk by tapping into regulatory expertise: Our team of transportation and market intelligence experts are deeply steeped in pricing trends, emerging markets, and regulatory frameworks. We help our customers understand all relevant policies and negotiate new market entry strategies.
- Bring your valuable low-carbon fuel supply to the transportation market: 3Degrees’ team of experts help project developers navigate the complex CFS pathway approval process. We gather all necessary data, identify the most valuable pathways, and take care of all reporting, monitoring, and verification. To date, we have helped register and generate CFS credits for over 1,000 pieces of equipment.
