The New York Clean Fuel Standard (CFS) is a cornerstone of the state’s strategy to reduce greenhouse gas emissions from the transportation sector. Administered by the New York State Department of Environmental Conservation (NYSDEC), the program mandates a 30% reduction in carbon intensity by 2032 and a 100% reduction by 2050. The CFS promotes the use of cleaner fuels, such as electricity and hydrogen, to meet New York’s ambitious climate goals.
The New York CFS has set a target to reduce greenhouse gas intensity from on-road transportation fuels by 30% by 2032, with additional reductions every five years. This includes upcoming regulations that will implement mandatory metering requirements and further tighten carbon intensity targets, ensuring the program’s continued effectiveness.
The New York CFS is open to all providers of transportation fuels, including electricity. Participants include refiners, blenders, producers, importers of transportation fuels, and enablers of electricity as a transportation fuel. Eligible participants can earn credits for reducing the carbon intensity of their operations, contributing to both environmental and economic gains.
Enrolling in the New York CFS with Smart Rebates™ is straightforward. We manage the entire application and enrollment process, including an in-person site audit to ensure accurate credit estimates. Our team handles all required paperwork and compliance, allowing you to focus on your core operations. If you’re already enrolled in the New York CFS, Smart Rebates™ can further optimize your earnings through detailed audits and streamlined reporting.
Under the New York CFS, credits are earned by supplying fuels with a carbon intensity below the standard. These credits can be traded in the market to entities needing to offset their emissions, creating a viable revenue stream. The trading system is designed to maximize financial returns while supporting New York’s climate objectives.
The New York CFS offers participants financial incentives for reducing carbon intensity. Rebates are calculated based on the reduction in greenhouse gas emissions and are distributed quarterly. These funds can be reinvested into your business to improve operational efficiency, purchase additional low-carbon equipment, or support further sustainability initiatives.
Compliance with the NJCFS requires regular reporting of emissions and fuel data. While participants must submit quarterly and annual reports to the the New York State Department of Environmental Conservation (NYSDEC), Motive Energy takes care of the entire reporting process, ensuring timely and accurate submissions to maintain eligibility and maximize credit generation.
Maximize your participation in the New York CFS with ACT’s advanced chargers and Charglink monitoring systems. These solutions seamlessly integrate with your fleet operations, ensuring precise emissions tracking, optimal energy management, and streamlined compliance. By leveraging these technologies, you can enhance credit generation and contribute effectively to New York’s sustainability goals.
Interested in how the New York CFS can benefit your business? Reach out to us today to explore how participation in this program can unlock new revenue streams while supporting your sustainability goals.