Climate policies and fossil fuel: Clean fuel regulations and carbon pricing explained

OTTAWA — On Saturday, the federal government's long-promised clean fuel regulations will take effect across Canada. Here are five things to know about what they are, how they will affect you and why they are different from the carbon price.

The regulations are similar to what the states of California, Oregon and Washington, as well as the European Union, already have in place. The third way to create credits is by investing in electric-vehicle charging stations or hydrogen fuel cell stations. How is this different from carbon pricing? Both carbon pricing and the clean fuel regulations are climate policies designed to cut back on Canada's greenhouse gas emissions.

The more refineries and importers make their own investments to comply with the regulations, the lower the cost will be. The more they rely on buying credits from others to do so, the higher the costs will be. The cost of the clean fuel regulations is more murky because it's not a direct fee. It will depend on what the refineries and importers do to meet the regulations and how much of the costs they pass on to consumers.

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