The UC Davis Institute of Transportation Studies is pleased to release the Status Review of California’s Low Carbon Fuel Standard – July 2014 Issue. This periodic status review series by ITS-Davis provides updates on LCFS compliance and markets, and addresses selected special topics. This fourth report addresses the following:

  1. Credits and deficits
  2. Carbon intensity of fuels
  3. Credit trading and credit prices
  4. The Federal Renewable Fuel Standard (RFS2), LCFS, and U.S. biofuel imports
  5. Special topics: Carbon prices and interactions with a cap-and-trade, key proposed amendments in re-adoption, Pacific Coast Climate and Energy Action Plan

Highlights from this issue of the Status Review include:

  • Excess or “net” credits continued to rise.
  • Reported emission reductions achieved is equivalent to annual emissions from about 900,000 cars.
  • Alternative fuels’ energy share increased.
  • Ethanol’s contribution to credits dropped below 50 percent.
  • U.S. foreign imports of biodiesel and renewable diesel grew
  • LCFS credit prices have fluctuated.

Click here to read the full text of the Status Review July 2014 Issue.