Americas > LCFS Market: California prices cool as slow rulemaking timeline stunts rally

LCFS Market: California prices cool as slow rulemaking timeline stunts rally

Published 23:06 on September 14, 2023  /  Last updated at 23:06 on September 14, 2023  / /  Americas, RINs & LCFS, US

California Low Carbon Fuel Standard (LCFS) values dipped on Thursday afternoon to more than reverse a brief early-week rally, as traders said state regulator ARB’s extended timeline for implementing more ambitious carbon intensity (CI) reduction targets will come under pressure from the programme’s exploding surplus bank.
California Low Carbon Fuel Standard (LCFS) values dipped on Thursday afternoon to more than reverse a brief early-week rally, as traders said state regulator ARB’s extended timeline for implementing more ambitious carbon intensity (CI) reduction targets will come under pressure from the programme’s exploding surplus bank.


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