RICanada and Advanced Biofuels Canada release analysis of proposed Clean Fuel Standard
April 30, 2018
| Meghan Sapp
The study demonstrates that biofuels could be responsible for as much as 21.3 megatons (MT) per year of greenhouse gas (GHG) emission reductions by 2030 – approximately 70% of the 30 MT target set by the federal government. On this basis, study author, Doyletech Corporation, concludes that meeting the increased demand for biofuels with domestic production would:
- • have a one-time construction phase impact of C$9.6 billion and 47,100 job-years during the build-out period; and
- • bring an increase of C$21.3 billion per year in economic activity and 12,614 permanent jobs.
All levels of government would benefit from increased tax revenues, including: C$1.69 billion per year for the federal government; C$1.47 billion per year for provincial governments; and C$107 million per year for municipal governments.
Category: Policy