Carbon credit prices breached a $100/ton average for the first time in January 2016.

The Low Carbon Fuel Standard, a California regulation to reduce the carbon intensity of fuels sold in California by ten percent by 2020, is one of the measures adopted by the Air Resource Board, pursuant to Health and Safety Code Sections 38500-38599 (AB 32) to reduce greenhouse gases in California. It is designed to help clean the air, protect the environment, and drive the development of clean, low-carbon fuels to improve California’s energy security and energy independence.

http://www.arb.ca.gov/fuels/lcfs/credit/20160209_jancreditreport.pdf