Part 3 credits or debits represent the difference between the carbon intensity of a given transportation fuel and the current Part 3 (low carbon fuel) requirements for that fuel class. Credits can be retained by Part 3 fuel suppliers for future compliance years or traded with other fuel suppliers. For more information and a list of Part 3 fuel suppliers who are eligible for credit trading, see:
- Validation & Transfer of Credits (RLCF-013)
- Low Carbon Fuel Credit Market Report (RLCF-017) (updated to July 1, 2018)
As of September 1, 2016, any transfer or acquisition of debits or validated credits must be approved by the Director.
Part 3 fuel suppliers who wish to transfer or acquire debits or validated credits must apply for approval by submitting a Credit Transfer Proposal form. The transfer of debits or validated credits will take effect on either the date on which the transfer is approved by the Director, or a date specified in the credit transfer proposal, whichever is later.