Americas > LCFS Market: California prices drop 6% on ARB workshop disappointment

LCFS Market: California prices drop 6% on ARB workshop disappointment

Published 23:51 on April 12, 2024  /  Last updated at 00:00 on April 13, 2024  / /  Americas, Aviation/CORSIA, RINs & LCFS, US

California Low Carbon Fuel Standard (LCFS) prices sold off following ARB's Tuesday release of public workshop materials, with market participants disappointed at the regulator's proposed choice of a 30% carbon intensity (CI) reduction target for 2030, while traders pondered ARB's rationale given the programme's outsized surplus bank.
California Low Carbon Fuel Standard (LCFS) prices sold off following ARB's Tuesday release of public workshop materials, with market participants disappointed at the regulator's proposed choice of a 30% carbon intensity (CI) reduction target for 2030, while traders pondered ARB's rationale given the programme's outsized surplus bank.


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