The Canadian Clean Fuel Standard (CFS) is a proposed set of regulations which aims to reduce the carbon intensity (CI) of liquid fuels that are imported, sold, and consumed within Canada. The CFS will come into force in 2023. It is modelled around the Californian and European fuel standards that are already in place. It is anticipated that the CFS will deliver a 30 megatonnes of annual reduction in greenhouse gas emissions by 2030, and lead to associated health and air quality benefits of Canada’s citizens.The implementation of the CFS may incur an estimated societal cost per tonne between $111 and $ 186 and a $ 9.0 billion hit to the GDP in 2030 (0.3% of total). The implementation of the CFS may incur an additional cost of gasoline of between 6- 13 cents per liter in 2030.

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