Status Review of California's Low Carbon Fuel Standard - Spring 2013 (Revised Version)

UC Davis Institute of Transportation Studies Research Report- UCD-ITS-RR-13-06

12 Pages Posted: 20 Apr 2013 Last revised: 2 May 2013

See all articles by Sonia Yeh

Sonia Yeh

University of California, Davis - Institute of Transportation Studies

Julie Witcover

University of California, Davis - Institute of Transportation Studies

Jeff Kessler

University of California, Davis - Institute of Transportation Studies

Date Written: April 18, 2013

Abstract

The Low Carbon Fuel Standard (LCFS) is a performance-based regulation adopted in California in 2009 that requires regulated parties (e.g., oil producers and importers to California) to reduce the carbon intensity (CI) of their fuel mix by at least 10% by 2020. It sets declining annual targets, starting slowly with a 0.25% reduction in 2011 and increasing to 10% reduction by 2020. This regulation contributes to California’s overall greenhouse gas (GHG) emission reduction goals under the Global Warming Solutions Act of 2006 (AB 32).

This is the second in a series of periodic status reports of California’s LCFS. Each report will provide updates on LCFS compliance and markets, and address selected special topics. The reports review data, analyze trends, and identify potential challenges, but avoid making predictions. This second report addresses the following topics: Credits and deficits; Carbon intensity of fuels; Credit trading and credit prices; Federal Renewable Fuel Standard (RFS2) and implications for LCFS feedstocks; Issues that affect compliance (special topic).

Keywords: low carbon fuels, ethanol, transportation, climate policy, energy policy

Suggested Citation

Yeh, Sonia and Witcover, Julie and Kessler, Jeff, Status Review of California's Low Carbon Fuel Standard - Spring 2013 (Revised Version) (April 18, 2013). UC Davis Institute of Transportation Studies Research Report- UCD-ITS-RR-13-06, Available at SSRN: https://ssrn.com/abstract=2253502 or http://dx.doi.org/10.2139/ssrn.2253502

Sonia Yeh (Contact Author)

University of California, Davis - Institute of Transportation Studies ( email )

One Shields Avenue
Apt 153
Davis, CA 95616
United States

HOME PAGE: http://steps.ucdavis.edu/People/slyeh

Julie Witcover

University of California, Davis - Institute of Transportation Studies ( email )

One Shields Ave
davis, CA 95616
United States

Jeff Kessler

University of California, Davis - Institute of Transportation Studies ( email )

One Shields Ave
Davis, CA 95616
United States
3037206608 (Phone)

HOME PAGE: http://gplus.to/jkessler

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