What Makes the California LCFS Program so Important?
Energy developers, station owners, and fleets, many of these people have heard about the California Low Carbon Fuel Standard (LCFS). But with all its complexity, this program can be hard to navigate. A Low Carbon Fuel Standard (LCFS) the program requires gasoline, diesel refiners as well as importers to buy credits in order to continue doing business in the state, making the LCFS program so important. The Low Carbon Fuel Standard is a market-based program concentrating particularly on lessening the carbon intensity (CI) of fuels utilized within California. Founded in 2011 by the California Air Resources Board (CARB) as part of several AB32 steps, its goal is to lessen greenhouse gas emissions in the state by 20% until 2030 and 80% until 2050. Air Quality Improvements California is home to some of the most questionable air conditions in the world, mainly generated because of vehicle emissions. The LCFS signifies a sharp turning point in addressing the air quali...