Home > LCFS Markets > British Columbia
In 2010 the Province of British Columbia implemented the Low Carbon Fuel Standard (BC-LCFS) to lower the CI of transportation fuels, which is a significant source of greenhouse gas emissions in Canada. In 2021 the program started to consider electricity as an eligible clean fuel which allowed broader participation. The program requires fuel suppliers to gradually reduce the CI of their fuels over time. The BC-LCFS includes a credit system where credits are issued per metric ton of CO2 equivalent reduced. The program is independent from the federal CFR (Clean Fuel Regulation) and stackable, meaning that entities can enroll eligible assets in both programs.
Provinces Eligible for BC-LCFS Credits:
Tracking Registry
Compliance Year
For updates on BC LCFS markets including pricing, regulatory updates, and market analyses, please visit our blog.
Learn moreBC-LCFS applies to the sale or supply of any fuel in British Columbia. Fuel producers and importers are the primary regulated parties. Regulated parties that exceed the maximum CI compliance limit may meet compliance by purchasing credits that are issued to regulated parties with an average CI that is below the maximum CI compliance limit. BC-LCFS enforces a declining CI curve every year to ensure the continuous reduction of the transportation fuel industry’s environmental impact.
From 2023 to 2024, spot market pricing for CA LCFS credits has ranged from CAN$150 to CAN$400 per credit.
Regulated parties must report using the Transportation Fuels Reporting System on a yearly schedule.
As of the 2024 regulation, credits do not expire.
