# Climate Decode

> Enterprise intelligence platform for compliance and voluntary carbon markets. Climate Decode provides structured, finance-grade data across 24 carbon markets through two products: TerraNova (compliance & decarbonisation) and Canopy (voluntary carbon credit procurement).

## About

Climate Decode decodes carbon markets so every climate dollar drives real decarbonisation — with transparency and compliance built in. The platform serves corporate sustainability teams, compliance managers, carbon traders, and climate advisors.

## Products

- **TerraNova**: MRV, decarbonisation planning, incentive tracking, and compliance market intelligence across 21 compliance carbon markets.
- **Canopy**: End-to-end voluntary carbon credit and REC procurement — sourcing, due diligence, contracting, registry management, and retirement.

## Sectors

Sector-specific decarbonization hubs — each combines published research, a decarb tool, TerraNova and advisory.

- [All Sectors](https://climate-decode.com/industries/)
- [Pulp & Paper — white papers, Decarb Explorer, TerraNova & advisory](https://climate-decode.com/industries/pulp-paper)
- [Decarb Explorer — free web tool: 54 model-computed levers, MAC build-ups, plan vs 2030 target](https://climate-decode.com/industries/decarb-explorer)
- [Food & Agri Sector Hub](https://climate-decode.com/industries/food-agri): white paper, Decarb Explorer on four facility models (dairy, bakery, meat & poultry, potato), TerraNova and advisory
- [Food & Beverage Decarb Explorer](https://climate-decode.com/industries/food-decarb-explorer): free interactive tool — 46 levers computed live on the facility models, MAC build-ups, credits, 2030 position
- [Fertilizers Sector Hub](https://climate-decode.com/industries/fertilizers): new white paper (ammonia, blue vs green hydrogen, CBAM), Decarb Explorer on the TerraNova fertilizer model, TerraNova and advisory
- [Fertilizer Decarb Explorer](https://climate-decode.com/industries/fertilizer-decarb-explorer): free interactive tool — 27 levers computed live on the fertilizer model, MAC build-ups, credits, 2030 position
- [Fertilizer Decarbonization White Paper](https://climate-decode.com/insights/decarb-series/fertilizer-decarbonization-white-paper): gated download — ammonia emissions anatomy, 27 levers, carbon markets, blue-vs-green ammonia case studies
- Automobile & Clean Mobility and Cleantech Solutions sector pages are in development; research lives in the CBAM, India CAFE and Canada CFR series below.

## Markets Covered (24)

### Compliance Markets (21)
- Canada Clean Fuel Regulations (CFR)
- Western Climate Initiative (WCI)
- Alberta TIER
- BC OBPS
- Ontario EPS
- EU ETS
- EU CBAM
- India CCTS (Carbon Credit Trading Scheme)
- CORSIA (aviation)
- US Renewable Fuel Standard (RFS)
- British Columbia LCFS
- California LCFS
- Oregon Clean Fuels Program
- Washington Clean Fuel Standard
- EU RED III (transport fuels)
- FuelEU Maritime
- And 4 additional regional markets

### Voluntary Markets (3)
- Global Voluntary Carbon Market (VCM)
- Renewable Energy Certificates (RECs)
- Nature-Based Solutions

## Insights & Analysis

Climate Decode publishes in-depth research across seven content series covering compliance and voluntary carbon markets and industrial decarbonization.

### India CCTS Series — 18 Articles + 1 Market Outlook Report
Deep-dive series on India's Carbon Credit Trading Scheme covering regulation, sector impacts, and compliance strategy:
- [India CCTS Market Outlook — 25-page report](https://climate-decode.com/insights/india-ccts-series/market-outlook.html)
- [Decarbonising India's Fertiliser Sector — A Net-Zero Roadmap](https://climate-decode.com/insights/india-ccts-series/decarbonising-indias-fertiliser-sector.html)
- [Chlor-Alkali Under India's CCTS — What 30 Facilities Need to Know](https://climate-decode.com/insights/india-ccts-series/chlor-alkali-under-india-ccts.html)
- [CCTS Impact on Aluminium](https://climate-decode.com/insights/india-ccts-series/ccts-aluminium.html)
- [India Budget 2026 Decarbonisation Signals](https://climate-decode.com/insights/india-ccts-series/ccts-budget-2026.html)
- [CBAM Explainer](https://climate-decode.com/insights/india-ccts-series/ccts-cbam-explainer.html)
- [CBAM and India Trade Impact](https://climate-decode.com/insights/india-ccts-series/ccts-cbam-india.html)
- [CCTS Impact on Cement](https://climate-decode.com/insights/india-ccts-series/ccts-cement.html)
- [What CFOs Need to Know About CCTS](https://climate-decode.com/insights/india-ccts-series/ccts-cfo-strategy.html)
- [GHG Measurement & MRV for CCTS](https://climate-decode.com/insights/india-ccts-series/ccts-ghg-measurement.html)
- [CCTS Impact on Iron & Steel](https://climate-decode.com/insights/india-ccts-series/ccts-iron-steel.html)
- [CCTS Impact on Petrochemical Crackers](https://climate-decode.com/insights/india-ccts-series/ccts-petrochem-crackers.html)
- [CCTS Impact on Petrochemical Refineries](https://climate-decode.com/insights/india-ccts-series/ccts-petrochem-refinery.html)
- [CCTS Impact on Pulp & Paper](https://climate-decode.com/insights/india-ccts-series/ccts-pulp-paper.html)
- [India CCTS Series Overview](https://climate-decode.com/insights/india-ccts-series/ccts-series-overview.html)
- [CCTS Impact on Textiles](https://climate-decode.com/insights/india-ccts-series/ccts-textile.html)
- [Understanding India's CCTS](https://climate-decode.com/insights/india-ccts-series/ccts-understanding.html)

### India CCTS Webinar
- [India CCTS Webinar](https://climate-decode.com/insights/india-ccts-webinar/)

### Canada CFR Series — 15 Articles
Comprehensive guide to Canada's Clean Fuel Regulations covering credit types, fuel pathways, and revenue strategy:
- [CFR 101: How the Program Works](https://climate-decode.com/insights/canada-cfr-series/cfr-101.html)
- [CCS Projects Under CFR](https://climate-decode.com/insights/canada-cfr-series/cfr-ccs.html)
- [Fleet Electrification Under CFR](https://climate-decode.com/insights/canada-cfr-series/cfr-fleet-electrification.html)
- [Fuel LCA Model Under CFR](https://climate-decode.com/insights/canada-cfr-series/cfr-fuel-lca.html)
- [Fuel Standards Under CFR](https://climate-decode.com/insights/canada-cfr-series/cfr-fuel-standards.html)
- [Hydrogen Under CFR](https://climate-decode.com/insights/canada-cfr-series/cfr-hydrogen.html)
- [RNG & Biogas Under CFR](https://climate-decode.com/insights/canada-cfr-series/cfr-rng-biogas.html)
- [RNG Cross-Border Under CFR](https://climate-decode.com/insights/canada-cfr-series/cfr-rng-cross-border.html)
- [CFR Credit Stackability](https://climate-decode.com/insights/canada-cfr-series/cfr-stackability.html)
- [Reading the CFR Credit Market: Why 60% of the Volume Moves at Zero](https://climate-decode.com/insights/canada-cfr-series/cfr-zero-price-transfers)
- [BC LCFS: Credit Tripled While the Bank Stayed Long](https://climate-decode.com/insights/canada-cfr-series/bc-lcfs-price-coverage) — a decade of BC low-carbon fuel credit prices; coverage of the obligation, not the bank balance, is what priced the market.
- [CFR Credit Price Passed the Compliance Fund](https://climate-decode.com/insights/canada-cfr-series/cfr-credit-market-2026) — ECCC's first monthly credit market dataset; the volume-weighted average tripled to $343, the quarterly maximum crossed the fund price in Q3 2025 and reached $466, and only 39% of transferred credits carried a reported price.
- [Why the CFR Multiplier Cannot Close the Gap](https://climate-decode.com/insights/canada-cfr-series/cfr-credit-multiplier) — a domestic credit multiplier closes the gap in the arithmetic, but the last barrel still has to come from somewhere.
- [BC LCFS Credit Price and the Federal CFR](https://climate-decode.com/insights/canada-cfr-series/bc-lcfs-federal-cfr-credit-price) — the provincial credit fell 68% in three years while the standard tightened; the 2025 compliance data show the balance turning.
- [California's LCFS Crop Cap Starts in 2028](https://climate-decode.com/insights/canada-cfr-series/california-crop-cap-canadian-feedstock) — the 20% crop-feedstock cap is grandfathered to 2028; crop share hit 48.3% in Q1 2026, and Canadian canola carries most of the exposure.

### WCI Series — 2 Articles
Analysis of the Western Climate Initiative markets and the Californian programmes that sit alongside them:
- [Series Index](https://climate-decode.com/insights/wci-series/)
- [California Cap-and-Invest Effectiveness](https://climate-decode.com/insights/wci-series/california-cap-invest-effectiveness)
- [California ZEV Repeal and the LCFS](https://climate-decode.com/insights/wci-series/california-zev-repeal-lcfs) — the state repealed its zero-emission vehicle mandate but kept the LCFS; the electricity credits that mandate would have generated still have to come from somewhere.

### Residual Emission Management — 19 Articles
The demand anchors for carbon credits and energy attributes — SBTi, the GHG Protocol, Airport Carbon Accreditation, CORSIA, Scope 2 and RE100 — collected in one hub (articles stay in their original series):
- [Residual Emission Management hub](https://climate-decode.com/insights/residual-emission-management/)

### Pacific Northwest Series — 2 Articles
Oregon and Washington run the two youngest clean fuel standards in North America. Both have been funding compliance from a credit bank, and both banks are being drawn down against tightening targets:
- [Series Index](https://climate-decode.com/insights/pacific-northwest-series/)
- [Washington's Clean Fuel Surplus Is Gone by 2029](https://climate-decode.com/insights/pacific-northwest-series/washington-clean-fuel-surplus) — the state banked a large surplus early, which is why its credits are the cheapest in the region; on the adopted targets that surplus does not last.
- [Oregon's Clean Fuel Bank Runs Out in 2027](https://climate-decode.com/insights/pacific-northwest-series/oregon-clean-fuels-bank) — three years of compliance paid from a credit bank that is nearly empty, against an obligation growing faster than in-state generation.

### Clean Fuel Markets — 8 Programmes
Market profiles for the clean fuel standards that price the same physical barrel across North America and Europe. Each has its own compliance unit, carbon intensity trajectory and clearing price, and a credit created in one does not transfer to another:
- [Clean Fuel Markets hub](https://climate-decode.com/markets/clean-fuels/)
- [Canada CFR](https://climate-decode.com/markets/canada-cfr) — federal lifecycle CI standard; credits in tonnes CO2e across three compliance categories
- [US Renewable Fuel Standard](https://climate-decode.com/markets/us-rfs) — counted in RINs, not gallons; four nested obligations, D3 to D7
- [British Columbia LCFS](https://climate-decode.com/markets/bc-lcfs) — the only jurisdiction where a litre earns a provincial compliance unit and a federal CFR credit
- [California LCFS](https://climate-decode.com/markets/california-lcfs) — amended regulation in force since 1 July 2025; benchmarks to 2045
- [Oregon Clean Fuels Program](https://climate-decode.com/markets/oregon-cfp) — 2026 baseline reset; no in-state renewable diesel production
- [Washington Clean Fuel Standard](https://climate-decode.com/markets/washington-cfs) — distinct from Washington cap-and-invest; steep near-term steps
- [EU RED III](https://climate-decode.com/markets/eu-red-iii) — a directive, not a market; instruments are national (Dutch EREs, German THG-Quote)
- [FuelEU Maritime](https://climate-decode.com/markets/fueleu-maritime) — directly applicable; well-to-wake intensity, pooling the only transfer route

### Clean Fuels Insights
- [Clean Fuels series index](https://climate-decode.com/insights/clean-fuels/)

### Tax Credits Series — 13 Articles
Clean energy tax credits decoded credit by credit — the US federal stack after OBBBA (48E, 45Y, 45Q, 45V, 45X, 45Z) and Canada's five refundable clean economy ITCs.
- [Tax Credits Series hub](https://climate-decode.com/insights/tax-credits-series/)
- [US Clean Energy Tax Credits 101: The Map After OBBBA](https://climate-decode.com/insights/tax-credits-series/us-clean-energy-tax-credits-101)
- [48E & 45Y: The Clean Electricity ITC and PTC](https://climate-decode.com/insights/tax-credits-series/48e-45y-clean-electricity-credits)
- [Section 45Q: The Carbon Capture Credit](https://climate-decode.com/insights/tax-credits-series/45q-carbon-capture-credit)
- [Section 45V: The Clean Hydrogen Credit](https://climate-decode.com/insights/tax-credits-series/45v-clean-hydrogen-credit)
- [Section 45X: The Advanced Manufacturing Credit](https://climate-decode.com/insights/tax-credits-series/45x-advanced-manufacturing-credit)
- [Section 45Z: The Clean Fuel Production Credit](https://climate-decode.com/insights/tax-credits-series/45z-clean-fuel-production-credit)
- [Tax Credit Advisory: How We Work](https://climate-decode.com/insights/tax-credits-series/tax-credit-advisory-services)
- [Canada's Clean Economy ITCs 101](https://climate-decode.com/insights/tax-credits-series/canada-clean-economy-itcs-101)
- [Canada's Clean Technology ITC](https://climate-decode.com/insights/tax-credits-series/canada-clean-technology-itc)
- [Canada's CCUS Investment Tax Credit](https://climate-decode.com/insights/tax-credits-series/canada-ccus-itc)
- [Canada's Clean Hydrogen ITC](https://climate-decode.com/insights/tax-credits-series/canada-clean-hydrogen-itc)
- [Canada's Clean Technology Manufacturing ITC](https://climate-decode.com/insights/tax-credits-series/canada-clean-technology-manufacturing-itc)
- [Canada's Clean Electricity ITC](https://climate-decode.com/insights/tax-credits-series/canada-clean-electricity-itc)

### Canadian Carbon Pricing Series — 5 Articles
Policy commentary on Canada's federal–provincial industrial carbon pricing architecture — TIER, GGPPA, BC OBPS, Ontario EPS, WCI Quebec, the CFR, and the CCS Quantification Protocol:
- [Series Index](https://climate-decode.com/insights/canadian-carbon-pricing-series/)
- [Canadian Carbon Markets Since the 2025 Election: A Chronological Review](https://climate-decode.com/insights/canadian-carbon-pricing-series/canadian-carbon-pricing-review-2025-2026)
- [Evolving Carbon Pricing Regulations in Canada: Impact & What to Watch](https://climate-decode.com/insights/canadian-carbon-pricing-series/evolving-carbon-pricing-canada.html)
- [Canada–Alberta MOU Implementation Agreement: Certainty Delivered, Ambition Deferred](https://climate-decode.com/insights/canadian-carbon-pricing-series/canada-alberta-mou.html)
- [Alberta's CCS Quantification Protocol v2.1: Mechanics, the CFR Credit Stack, and Natural Gas System Applicability](https://climate-decode.com/insights/canadian-carbon-pricing-series/alberta-ccs-protocol-v2-1.html)
- [Ontario EPS: A Structurally Short Market](https://climate-decode.com/insights/canadian-carbon-pricing-series/ontario-eps-market-performance) — three compliance years of EPS data; obligations up 56% to 4.83 Mt against 0.80 Mt of EPU creation, with the province’s EEU sales clearing 83% of compliance.

### EU ETS Series — 7 Articles
Three-part guide to the EU Emissions Trading System — cap-and-trade explained, the four trading phases (2005–today), and the 2026 market state ahead of ETS2:
- [Series Index](https://climate-decode.com/insights/eu-ets-series/)
- [EU ETS Primer: How Europe's Carbon Market Works](https://climate-decode.com/insights/eu-ets-series/eu-ets-primer.html)
- [How the EU Carbon Market Has Worked Till Now — Phases, Prices & Reforms](https://climate-decode.com/insights/eu-ets-series/eu-ets-how-the-market-worked.html)
- [The EU ETS in 2026: Auctions, the Cap and the LRF](https://climate-decode.com/insights/eu-ets-series/eu-ets-current-scenario-auctions-cap-lrf.html)

### India CAFE Series — 7 Articles
Seven-part series on India's Corporate Average Fuel Efficiency norms — the CAFE-II baseline, the CAFE-III step-change from FY28, the OEM landscape, open compliance issues, cost exposure, the 5-year credit market modelled, and TerraNova for CAFE:
- [Series Index](https://climate-decode.com/insights/india-cafe-series/)
- [CAFE Primer: Why India Built It & How CAFE-II Works](https://climate-decode.com/insights/india-cafe-series/cafe-primer.html)
- [CAFE-III: What Changes on 1 April 2027](https://climate-decode.com/insights/india-cafe-series/cafe-iii-mechanics.html)
- [Where the 15 India PV OEMs Sit on the CAFE Curve](https://climate-decode.com/insights/india-cafe-series/cafe-oem-landscape.html)
- [The Five Open Issues That Will Define CAFE-III](https://climate-decode.com/insights/india-cafe-series/cafe-issues-uncertainty.html)
- [Per-OEM CAFE-III Cost Exposure: Penalty, Capex, Offsets](https://climate-decode.com/insights/india-cafe-series/cafe-cost-exposure.html)
- [The 5-Year CAFE Credit Market, Modelled](https://climate-decode.com/insights/india-cafe-series/cafe-credit-market-5yr.html)
- [TerraNova for CAFE: The Compliance Workspace for India PV OEMs](https://climate-decode.com/platform/terranova/cafe-india.html)
- [India CAFE 2027 — Market Page: Targets, Credits, Buyout](https://climate-decode.com/markets/india-cafe)

### VCM Series — Voluntary Carbon Market Intelligence
Deep-dive series on voluntary carbon markets, RECs, SBTi, and airport carbon accreditation:
- [ACA 101: Airport Carbon Accreditation — What It Is, Who It Covers, and How It Works](https://climate-decode.com/insights/vcm-series/aca-101-airport-carbon-accreditation.html)
- [Airport Carbon Accreditation (ACA) Series | Climate Decode VCM Series](https://climate-decode.com/insights/vcm-series/aca-airport-carbon-accreditation-series.html)
- [ACA Level 3+ — Credit Procurement Guide](https://climate-decode.com/insights/vcm-series/aca-level-3-neutrality-credit-procurement.html)
- [ACA Level 4+: What Changes Beyond Level 3+](https://climate-decode.com/insights/vcm-series/aca-level-4-transition-full-scope-offsets.html)
- [ACA Level 5 — Carbon Removal Requirements](https://climate-decode.com/insights/vcm-series/aca-level-5-net-zero-carbon-removals.html)
- [EAC Book & Claim: Cement](https://climate-decode.com/insights/vcm-series/eac-book-and-claim-cement.html)
- [GHG Protocol Land Sector & Removals Standard](https://climate-decode.com/insights/vcm-series/ghg-protocol-land-sector-removals-standard.html)
- [How Voluntary RECs Work](https://climate-decode.com/insights/vcm-series/how-recs-work.html)
- [RE100 Strategic Framework](https://climate-decode.com/insights/vcm-series/re100-framework.html)
- [SBTi 101](https://climate-decode.com/insights/vcm-series/sbti-101.html)
- [SBTi FLAG Guidance V1.2 — What Companies Need to Know](https://climate-decode.com/insights/vcm-series/sbti-flag-guidance.html)
- [SBTi Net Zero Standard V2](https://climate-decode.com/insights/vcm-series/sbti-net-zero-v2.html)
- [SBTi Net-Zero Standard V2.0: The Final Standard, Decoded](https://climate-decode.com/insights/vcm-series/sbti-net-zero-v2-final.html)
- [Understanding Scope 2 Reporting](https://climate-decode.com/insights/vcm-series/scope-2-reporting.html)
- [VCM 101: Kyoto to Today](https://climate-decode.com/insights/vcm-series/vcm-101-kyoto-to-today.html)
- [Who Rates the Carbon Rating Agencies? — Inside the VCM's Governance Gap (Era of Integrity)](https://climate-decode.com/insights/vcm-series/vcm-2026-era-of-integrity/who-rates-carbon-rating-agencies.html)

### CDR Series — Carbon Dioxide Removal
Analysis on CCUS, carbon removal technologies, and decarbonisation economics:
- [CCUS: After the Cheap Wins](https://climate-decode.com/insights/cdr-series/ccus-after-cheap-wins.html)
- [The Decarbonization Paradox](https://climate-decode.com/insights/cdr-series/decarbonization-paradox.html)

### Nature Series — Corporate Nature, Land & Biodiversity Reporting
Five-part practitioner guide to TNFD, the LEAP approach, SBTi FLAG, IFC Performance Standards and the EU nature reporting stack:
- [TNFD for Corporates](https://climate-decode.com/insights/nature-series/tnfd-overview.html)
- [The LEAP Approach](https://climate-decode.com/insights/nature-series/leap-assessment.html)
- [SBTi FLAG for Nature](https://climate-decode.com/insights/nature-series/sbti-flag-nature.html)
- [IFC Performance Standards](https://climate-decode.com/insights/nature-series/ifc-performance-standards.html)
- [The EU Nature Stack](https://climate-decode.com/insights/nature-series/eu-nature-reporting.html)

### Decarb Series — Pulp & Paper Decarbonization
Industrial decarbonization of pulp & paper — abatement levers, marginal abatement cost curves, BECCS and on-site biogas case studies, carbon-market economics, and SBTi target setting:
- [Pulp & Paper Decarbonization — White Paper](https://climate-decode.com/insights/decarb-series/pulp-paper-decarbonization-white-paper)
- [Pulp & Paper Decarbonization — Short Paper](https://climate-decode.com/insights/decarb-series/pulp-paper-decarbonization-short-paper)
- [SBTi Target Setting for Pulp & Paper](https://climate-decode.com/insights/decarb-series/sbti-target-setting-pulp-paper)

### Food & Beverage Decarbonization Series — 2 Articles
Industrial decarbonization of food & beverage processing — a heat-dominant sector (60-85% thermal), five lever families, marginal abatement cost curves, biogas and heat-pump case studies, and SBTi FLAG target setting:
- [Series Index](https://climate-decode.com/insights/agriculture-series/)
- [Food Industry Decarbonization Pathways](https://climate-decode.com/insights/agriculture-series/food-industry-decarbonization-pathways)
- [SBTi Target Setting for Food & Beverage](https://climate-decode.com/insights/agriculture-series/sbti-target-setting-food-industry)

### Agriculture & Food Systems Series — 4 Papers
Agrifood decarbonization — the 16.5 Gt emissions baseline, SBTi FLAG land targets, CBAM and fertilizer, and Scope 3 supplier engagement:
- [Series Index](https://climate-decode.com/insights/agriculture-series/)
- [Agriculture & Food Systems Decarbonization — Paper 1](https://climate-decode.com/insights/agriculture-series/agriculture-food-systems-decarbonization)
- [Science-Based Targets for Land: SBTi FLAG for Agrifood](https://climate-decode.com/insights/agriculture-series/sbti-flag-agrifood)
- [CBAM and Fertilizer](https://climate-decode.com/insights/agriculture-series/cbam-and-fertilizer)
- [Decarbonizing What You Don't Own: Supplier Engagement in Agrifood](https://climate-decode.com/insights/agriculture-series/supplier-engagement-agrifood)

### CBAM Series (Canadian Exporters) — 4 Papers
The EU Carbon Border Adjustment Mechanism from the Canadian exporter's seat — sector exposure, compliance machinery, decarbonization strategy, and credit for carbon prices paid at home:
- [Series Index](https://climate-decode.com/insights/cbam-series/)
- [Which Canadian Industries CBAM Actually Touches — Exposure Map](https://climate-decode.com/insights/cbam-series/canadian-industries-exposed-to-cbam)
- [What CBAM Asks of a Canadian Exporter — Compliance](https://climate-decode.com/insights/cbam-series/cbam-compliance-canadian-exporters)
- [How Canadian Exporters Are Managing CBAM — Strategy](https://climate-decode.com/insights/cbam-series/how-canadian-exporters-manage-cbam)
- [The Carbon Price You Already Paid Now Counts — Carbon-Price Deduction](https://climate-decode.com/insights/cbam-series/cbam-carbon-price-deduction-canada)

### Knowledge Base — 4 Explainers
Foundational explainers on climate change, carbon markets, carbon credits and fuel policy:
- [Climate Change Basics](https://climate-decode.com/insights/knowledge-base/climate-change-basics)
- [Carbon Markets Explained](https://climate-decode.com/insights/knowledge-base/carbon-markets)
- [How Carbon Credits Work](https://climate-decode.com/insights/knowledge-base/how-carbon-credits-work)
- [Singapore's Carbon Tax](https://climate-decode.com/insights/knowledge-base/singapore-carbon-tax)
- [The Renewable Fuel Standard, Explained](https://climate-decode.com/insights/clean-fuels/rfs-101) — US RFS compliance is denominated in RINs, not gallons; the obligations nest, and the real pull on biomass-based diesel runs about 15% above the stated 9.07 bn target.
- [California LCFS Credit Bank Drawdown](https://climate-decode.com/insights/clean-fuels/california-lcfs-credit-bank-drawdown) — three straight quarters of drawdown since the July 2025 step-down; coverage fell from 1.81 to 1.03 in nine months.
- [Carbon Capture and the California LCFS](https://climate-decode.com/insights/clean-fuels/carbon-capture-california-lcfs) — the benchmark passes below ethanol in 2033, renewable diesel in 2037 and biodiesel in 2038; CCS becomes the last credit source.


## Key Pages

- Homepage: https://climate-decode.com
- Platform: https://climate-decode.com/platform
- TerraNova: https://climate-decode.com/platform/terranova
- Canopy: https://climate-decode.com/platform/canopy
- All Markets: https://climate-decode.com/markets
- India CAFE Market: https://climate-decode.com/markets/india-cafe
- Insights Hub: https://climate-decode.com/insights/
- India CCTS Series: https://climate-decode.com/insights/india-ccts-series/
- Canada CFR Series: https://climate-decode.com/insights/canada-cfr-series/
- VCM Series: https://climate-decode.com/insights/vcm-series/
- CDR Series: https://climate-decode.com/insights/cdr-series/
- Decarb Series (Pulp & Paper): https://climate-decode.com/insights/decarb-series/
- Food Decarb Series (Food & Beverage): https://climate-decode.com/insights/agriculture-series/
- Knowledge Base: https://climate-decode.com/insights/knowledge-base/
- The Decode (weekly video series): https://climate-decode.com/insights/the-decode/
- Request Demo: https://climate-decode.com/demo
- About: https://climate-decode.com/about
- Careers: https://climate-decode.com/careers

## Contact

Website: https://climate-decode.com
LinkedIn: https://www.linkedin.com/company/climate-decode-1
- https://climate-decode.com/insights/india-cafe-series/cafe-2027-what-changed : CAFE 2027 draft (16 Jul 2026) decoded — what changed
- https://climate-decode.com/insights/the-decode/ai-net-zero-hyperscalers : The Decode Ep 03 — AI vs net zero: hyperscaler emissions rising and whether durable removal can catch up (video + article)
- https://climate-decode.com/insights/the-decode/canada-wildfires-carbon-price : The Decode Ep 02 — Canada wildfires and the $95 carbon price patchwork (video + article)
- https://climate-decode.com/insights/the-decode/microsoft-emissions-jump : The Decode Ep 01 — Microsoft's 25% emissions jump, physics vs paperwork (video + article)