To answer your question, it's intensity. At complete rest an RER (vCO2 / vO2, for simplicity. RER is measured at the mouth, not at the cellular level 'RQ') value of 0.70 is indicative of ~100% fat metabolism. As intensity increases, RER increases to 1.0 (100% carbohydrates). RER values can reach higher than 1.0, but that has to do with lactic acid production, carbon dioxide production (buffering), etc. Also, the more fats you eat, the higher your fat metabolism will be. As such, the more carbohydrates you eat, the higher carbohydrate metabolism will be. As time of exercise increases beyond 1.0hr a shift from carbohydrates to fats is commonly observed.
Note that at lower intensities, a lower total caloric expenditure will take place as opposed to more moderate or vigorous exercise. In the end, it boils down to kcals in vs kcals out