Biotech firm, gas producer call for ramp-up of CI stringency in California LCFS scheme
California must significantly ramp up the proposed carbon intensity (CI) target under its Low Carbon Fuel Standard (LCFS) to rid the market of its surplus, according to submissions to the market regulator’s ongoing stakeholder consultation process.
Read MoreWashington CFS rulemaking to deviate from federal GREET model updates
Washington’s Department of Ecology (ECY) staff received pushback from stakeholders for choosing not to make changes to its GREET model during the latest round of Clean Fuel Standard (CFS) rulemaking, after the federal government recently updated their carbon intensity (CI) standard calculations for sustainable aviation fuel (SAF) tax credits.
Read MoreOregon Clean Fuels Program surplus credit bank crosses 1 mln in Q4
With the highest quarterly net credits in programme history, Oregon’s Clean Fuels Program (OCFP) unit surplus soared above 1 million for the first time, according to state data published Thursday.
Read MoreOpposition towards avoided biomethane crediting under California’s LCFS persists
Ending factory farm biogas crediting under California’s Low Carbon Fuel Standard (LCFS) is a top priority for a large share of the stakeholders commenting on a proposed amendment package for the scheme.
Read MoreLCFS Market: Bear case for prices as credit surplus bank shows no signs of unwinding
California Low Carbon Fuel Standard (LCFS) prices have continued on a downward spiral, with traders expecting further downside risk as the programme’s credit surplus bank build shows no signs of slowing.
Read MoreUS details guidance for SAF credit generation under IRA
The US Department of the Treasury and Internal Revenue Service (IRS) on Tuesday released their updated guidance for sustainable aviation fuel (SAF) tax credits to establish eligibility for fuel producers, incorporating avenues to reward the use of renewable natural gas (RNG) and carbon capture and storage (CCS).
Read MoreLCFS net credit surplus rises to new records in Q4
California Low Carbon Fuel Standard’s (LCFS) cumulative surplus bank once again soared to new heights as net credits for the last quarter of 2023 rose to record levels, according to state data published Tuesday.
Read MoreUS aviation stakeholders launch coalition to uplift the SAF market
Some 40 aviation industry stakeholders and biofuels producers on Monday announced the launch of the Sustainable Aviation Fuel (SAF) Coalition to advance investments and drive policies within the sector.
Read MoreCalifornia bill to develop ocean CDR unanimously advances in state assembly
A committee within the California Assembly unanimously approved last week a bill to assess and advance the use of ocean CO2 removal (CDR), including by qualifying approved projects for inclusion in the state’s carbon credit programmes.
Read MoreLATAM Roundup: Latin America’s compliance carbon systems integrate with voluntary market, pursue growth
Carbon Pulse rounds up recent developments in compliance carbon systems within the Latin America and Caribbean region, taking a look at Brazil’s stabilising market for emissions reductions credits from biofuels after a year of rising prices, and summarising the carbon tax regimes that accept offsets.
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