LCFS and C&T Analysis
Expert Insights into LCFS Credit & Deficit Trends and C&T Allowance and Offset Demand and Price Trends.
Recent Insights
Article
California LCFS 101
June 9, 2026
LCFS Program & Credit Market Overview The Low Carbon Fuel Standard (LCFS) is one of several programs created under AB 32, the California Global Warming Solutions Act of 2006, to reduce greenhouse gas (GHG) emissions across the state. AB 32 was the first U.S. legislation to take a comprehensive, long-term approach to reducing anthropogenic GHG...
Flash Report
Cap and Compromise: CARB adopts Cap-and-Invest amendments on a divided 9-4 vote
June 1, 2026
Late on Friday, May 29th, the California Air Resources Board (CARB) adopted updates to California’s Cap-and-Invest Program on a 9 to 4 vote, ending a process that effectively began in 2023 and clearing the way for the amended program to take effect on September 1, 2026. The package tightens the program’s emissions cap through 2030...
Article
Stillwater CFP 101
May 29, 2026
Oregon Clean Fuels Program (CFP) Overview Oregon’s Clean Fuels Program (CFP) was initiated in 2009 when the legislature passed HB 2186, empowering the Oregon Environmental Quality Commission (EQC) to “adopt by rule low carbon fuel standards for gasoline, diesel and fuels used as substitutes for gasoline or diesel.” Thus, in 2015, the Oregon Department of...
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