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Status Review of California's Low Carbon Fuel Standard

Author

Listed:
  • Yeh, Sonia
  • Witcover, Julie
  • Kessler, Jeff

Abstract

California's Low Carbon Fuel Standard (LCFS) aims to reduce emissions of greenhouse gases (GHGs) by creating financial incentives for innovation and deployment of low carbon fuels. From 2011 through Q4 2012, there was a net excess of 1.285 million credits (metric tons of CO2e); if all available for use, the excess credits represent about half of what is needed to cover the 2013 obligation. During the period, the average fuel carbon intensity (CI) of gasoline and diesel substitutes declined. There was a rise in credit trading and credit trade prices. Feedstock-specific issues are examined.

Suggested Citation

  • Yeh, Sonia & Witcover, Julie & Kessler, Jeff, 2013. "Status Review of California's Low Carbon Fuel Standard," Institute of Transportation Studies, Working Paper Series qt7bs689zk, Institute of Transportation Studies, UC Davis.
    • Handle: RePEc:cdl:itsdav:qt7bs689zk
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    File URL: https://www.escholarship.org/uc/item/7bs689zk.pdf;origin=repeccitec
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    Citations

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    Cited by:

    1. Gabriel E. Lade & C.-Y. Cynthia Lin Lawell, 2021. "The Design of Renewable Fuel Mandates and Cost Containment Mechanisms," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(2), pages 213-247, June.
    2. Beckman, Jayson, 2015. "Biofuel Use in International Markets: The Importance of Trade," Economic Information Bulletin 262114, United States Department of Agriculture, Economic Research Service.
    3. Rhodes, Ekaterina & Axsen, Jonn & Jaccard, Mark, 2015. "Gauging citizen support for a low carbon fuel standard," Energy Policy, Elsevier, vol. 79(C), pages 104-114.
    4. Derek Lemoine, 2017. "Escape from Third-Best: Rating Emissions for Intensity Standards," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 789-821, August.
    5. Yeh, Sonia & Witcover, Julie, 2014. "Status Review of California's Low Carbon Fuel Standard - January 2014 Issue," Institute of Transportation Studies, Working Paper Series qt9gk6w15t, Institute of Transportation Studies, UC Davis.
    6. Lade, Gabriel E & Lawell, C-Y Cynthia Lin, 2015. "Mandating green: On the Design of Renewable Fuel Policies and Cost Containment Mechanisms," Institute of Transportation Studies, Working Paper Series qt5zj382t4, Institute of Transportation Studies, UC Davis.

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    Keywords

    Engineering;

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