Renewable Transport Fuel Obligation: Difference between revisions
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Under the RTFO, fuel suppliers have an obligation to provide a volume of sustainable renewable fuel which is calculated as a proportion of the overall volume of fuel they supply for road transport and non-road mobile machinery (NRMM) purposes. The obligation is relevant to fuel suppliers providing at least 450,000 litres of fuel per year (the obligation period)<ref name="foo" />. | Under the RTFO, fuel suppliers have an obligation to provide a volume of sustainable renewable fuel which is calculated as a proportion of the overall volume of fuel they supply for road transport and non-road mobile machinery (NRMM) purposes. The obligation is relevant to fuel suppliers providing at least 450,000 litres of fuel per year (the obligation period)<ref name="foo" />. | ||
Renewable Transport Fuel Certificates (RTFCs) are gained by supplying sustainable renewable fuels and can be redeemed by suppliers to meet their obligations. | |||
One certificate may be claimed for every litre of sustainable renewable fuel supplied, or if fuel from certain wastes or residues, fuel from dedicated energy crops, or other renewable fuels of non-biological origin ((RFNBO)) are supplied then the supplier will receive double the RTFCs per litre or kilogram supplied as certain fuels are further incentivised. Alternatively, suppliers can ‘buy out’ of their obligation by paying a fixed sum for each litre of renewable fuel they do not provide<ref name="foo" />. | One certificate may be claimed for every litre of sustainable renewable fuel supplied, or if fuel from certain wastes or residues, fuel from dedicated energy crops, or other renewable fuels of non-biological origin ((RFNBO)) are supplied then the supplier will receive double the RTFCs per litre or kilogram supplied as certain fuels are further incentivised. Alternatively, suppliers can ‘buy out’ of their obligation by paying a fixed sum for each litre of renewable fuel they do not provide<ref name="foo" />. | ||
==References== | ==References== | ||
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