California LCFS stakeholders urge CARB to strengthen GHG reduction targets

Source: By OPIS • Posted: Thursday, January 13, 2022

California Low Carbon Fuel Standard (LCFS) stakeholders are urging the state’s Air Resources Board (CARB) to strengthen the program’s carbon intensity (CI) reduction targets, with some telling the agency that lower credit prices are limiting the growth of low-carbon fuels. The Renewable Fuels Association (RFA), the Renewable Natural Gas (RNG) Coalition, the National Biodiesel Board (NBB), the California Advanced Biofuels Alliance (CABA), the National Corn Growers Association (NCGA), World Energy, Tesla and other organizations and companies said CARB should adopt tougher CI-reduction targets. Such action “is appropriate to harmonize the LCFS with the goal of carbon neutrality by 2045, and it sends the long-term market signal necessary to encourage the significant new investment in innovative technologies required to meet decarbonization goals,” RFA said.