December 3, 2023

low-carbon fuel standard (LCFS)

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 NM 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 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.
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.
Big Investments Still Needed to Meet Calif. Dairy Methane Goal
California is about halfway to meeting a 2030 dairy methane reduction target and could face steep costs to get the rest of the way, according to a CARB report.
CARB Promises Closer Look at Biomethane Role in LCFS
Prompted by a petition from environmental justice groups, California will look at the role of dairy-manure biomethane in the state’s low-carbon fuel standard.

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