California’s Low Carbon Fuel Standard (LCFS) credit bank will shrink by an estimated 4% in the first quarter of the year due to a more stringent carbon intensity (CI) reduction benchmark, though a drop in gasoline demand from the coronavirus pandemic will limit the damage, analysts said Thursday.
Analysts foresee Q1 credit deficit for California LCFS
California’s Low Carbon Fuel Standard (LCFS) credit bank will shrink by an estimated 4% in the first quarter of the year due to a more stringent carbon intensity (CI) reduction benchmark, though a drop in gasoline demand from the coronavirus pandemic will limit the damage, analysts said Thursday.
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