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US Carbon Pricing and LCFS Roundup for week ending Mar. 26, 2021

Published 20:44 on March 26, 2021  /  Last updated at 21:30 on March 26, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in New Mexico, Oregon, and New York.

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EV, renewable diesel expansion to nearly halve California LCFS prices by 2026 -report

Published 20:39 on March 26, 2021  /  Last updated at 20:39 on March 26, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) values will fall significantly from current levels in the next five years as electric vehicles’ share of the transportation fuel pool rises and renewable natural gas (RNG) and renewable diesel production continues ramping up, according to a report published Thursday.

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LCFS Market: California prices slide on reports of Brazilian ethanol shipments

Published 15:54 on March 24, 2021  /  Last updated at 22:37 on March 24, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) prices came off this week due to several possible factors, including entities reportedly looking to import Brazilian ethanol and abundant renewable diesel volumes weighing on credit values.

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RFS Market: RIN prices execute V-shaped weekend turnaround before compliance deadlines extended

Published 17:17 on March 23, 2021  /  Last updated at 22:10 on March 23, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) values surged on Tuesday on strong bean oil prices and the reopening of a gasoline arbitrage, though the US EPA’s late afternoon confirmation of delayed Renewable Fuel Standard (RFS) deadlines erased some of these gains.

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US Carbon Pricing and LCFS Roundup for week ending Mar. 19, 2021

Published 18:17 on March 19, 2021  /  Last updated at 18:17 on March 19, 2021  /  Americas, Canada, RINs & LCFS, US, Voluntary Market  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in California and the US Department of Agriculture.  

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California carbon prices to hit $40 in 2030 as annual deficits grow -analysts

Published 17:59 on March 19, 2021  /  Last updated at 17:59 on March 19, 2021  /  Americas, Canada, RINs & LCFS, US  /  No Comments

California Carbon Allowance (CCA) prices will more than double this decade as emissions reductions cannot keep pace with more ambitious cap-and-trade allowance budgets, analysts with a major US investment bank said Friday.

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BP to partner with renewable energy company for California RNG project

Published 21:50 on March 18, 2021  /  Last updated at 22:15 on March 18, 2021  /  Americas, RINs & LCFS, US  /  No Comments

BP and renewables company Aria Energy announced a partnership on Thursday to develop a renewable natural gas (RNG) project in California that could allow the oil major to earn credits under the state’s Low Carbon Fuel Standard (LCFS) and federal Renewable Fuel Standard (RFS).

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RFS Market: RIN prices retrace as gas arbitrage closes

Published 16:23 on March 18, 2021  /  Last updated at 16:23 on March 18, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) values declined from near all-time highs this week, as traders said a gasoline arbitrage window shut and Renewable Fuel Standard (RFS) market participants looked to divert product.

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Washington Senate LCFS opponent sees possible “path forward” for legislation

Published 20:35 on March 17, 2021  /  Last updated at 20:35 on March 17, 2021  /  Americas, RINs & LCFS, US  /  No Comments

A key Washington state senator who has repeatedly blocked low-carbon fuel standard (LCFS) legislation sees a possible path forward for the bill this year if certain provisions are built in, he told a committee Tuesday.

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Consulting firm seeks LCFS transition for another California offset project

Published 15:38 on March 16, 2021  /  Last updated at 15:52 on March 16, 2021  /  Americas, RINs & LCFS, US  /  No Comments

A sustainability consulting firm is aiming to transfer another California Carbon Offset (CCO) project into the state’s Low Carbon Fuel Standard (LCFS) for a negative carbon, electricity-based pathway, according to documents published Monday.

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