Carbon Credit Trading System: To meet the CFR's annual CI reduction requirements, primary buying carbon credits from other creators in Canada's new carbon credit market. Each carbon trading system does not have any interactions with other trading systems. Compliance Category 1 - projects that reduce the life cycle CI of liquid fossil fuels (e.g. carbon capture and storage (CCS), on-site renewable electricity);* Compliance Category 2 - supply of low-carbon-intensity fuels (e.g. ethanol, biodiesel); and, Compliance Category 3 - supply of fuel or energy to advanced vehicle technology (e.g. electricity or U.S. suppliers create credits for Canadian importers when U.S. fuel is imported into Canada. Only registered Canadian participants are credit generators. By lowering their CI, U.S. suppliers make their product more attractive to registered Canadian participants. Early credit creation was available for the period of June 21, 2022, to July 1, 2023. The first credit creation reports were due June 30, 2023, at which point ECCC received data on credits created for the 2022 compliance period. The coming-into-force date of CI limits was July 1, 2023. below. As a baseline, gasoline had a CI of around 91.5 gCO2e/MJ in 2023, and diesel had a CI of 2.2 billion liters of additional low-CI diesel and 700 ML of additional ethanol will be needed by 2030 ECCC publishes national average CI values, credit creation data, and credit transfer data in its Credit Market Report. The first report was published in June 2024, and the second was published in July