CALIFORNIA LCFS LOGS EXCESS GHG EMISSION CREDITS

摘要

The Low Carbon Fuel Standard (LCFS) is a performance based regulation adopted in California in 2009 that requires regulated parties, for example, oil producers and importers, to reduce the carbon intensity (CI) of their fuel mix by at least 10 percent by 2020. It sets declining annual targets, starting slowly with a 0.25 percent reduction in 2011 and increasing to 10 percent reduction by 2020. The regulation contributes to California's overall greenhouse gas (GHG) emission reduction goals. Analysts at the Institute of Transportation Studies (ITS) at the University of California, Davis campus have completed the second in a series of status reports of California's LCFS. The new report updates LCFS compliance and markets, reviews data, analyzes trends and identifies potential challenges.