November 2, 2024

low-carbon fuel standard (LCFS)

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State, Industry Reps Debate Future of Gas at NECA Fuels Conference
In a reflection of broader disagreements across the New England energy landscape, speakers at a Northeast energy conference presented divergent visions of the future role of natural gas.
California Air Resources Board
California GHG Emissions Decreased 2.4% in 2022
California’s greenhouse gas emissions fell by 2.4% in 2022 compared with the prior year, with the largest decrease seen in the transportation sector, according to a report by the California Air Resources Board.
CARB
California Considers Plan to Update Low-carbon Fuel Standard
California regulators are considering a package of changes to the state’s low-carbon fuel standard, including measures to shore up the price of credits.
Sierra Club - Rio Grande Chapter
Climate Bills Largely Fail in New Mexico Session
Gov. Michelle Lujan Grisham vetoed large portions of a tax package, cutting out tax credits for EVs, energy storage systems and geothermal electricity production.
Walter Siegmund, CC BY-2.5, via Wikimedia
Analyst Foresees $35-$45 Range for Wash. LCFS Credits
Washington LCFS credits will likely range from $35 to $45 per metric ton by 2025, lower than prices in neighboring areas, according to one carbon analysis firm.
Iowa Soybean Association
LCFS Bill Emerges in New Mexico House as Session Nears Close
A bill that would establish a low-carbon fuel standard in New Mexico awaits a House vote as the state legislature races toward the end of the 2023 session.
Washington Department of Ecology
Washington Estimates $1.5B in Cap-and-Trade Revenue Through 2024
Washington officials said cap-and-trade auctions could raise $1.5 billion through FY 2024 while new fuel standards will boost gas by about one cent per gallon.
Washington Dept. of Ecology
Cap-and-trade Revenues Still an Unknown for Wash. Lawmakers
Washington lawmakers won’t know until mid-March how much cap-and-trade revenue they will be able to spend during the 2023-25 budget period.
CARB
CARB Eyes Another Busy Year for Climate Policy
California agency to approve new emission rules on heavy-duty vehicles, refine LCFS and consider establishing a permanent environmental justice committee.
CARB
After Lull, California Sees Uptick in New Hydrogen Fueling Stations
Growth in the number of hydrogen fueling stations accelerated in California, but the state is likely a year behind on its 100-station goal.

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