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

    Stillwater LCFS 101

    March 4, 2026

    LCFS Program & Credit Market Overview The Low Carbon Fuel Standard (LCFS) is one of several programs created under AB32, the California Global Warming Solutions Act of 2006, to reduce greenhouse gas (GHG) emissions across the state. AB32 was the first U.S. legislation to take a comprehensive, long-term approach to reducing anthropogenic GHG emissions across...
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    Flash Report

    Flash Report: 3Q2025 LCFS Data Show 1.71 million MT Net Deficit

    January 30, 2026

    Today, CARB posted the third quarter 2025 data for the LCFS program. In today’s flash report, we offer a quick look at this third quarter data; our comprehensive analysis will be published in Stillwater’s Quarterly LCFS Newsletter which will be available to subscribers on Thursday, February 5th. The third quarter data show a net deficit...
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    Article

    Low Carbon Fuel Program Proliferation (2026)

    January 15, 2026

    2026 has been busy legislatively with the introduction or continued consideration of low-carbon fuel (LCF) program proposals in eight state legislatures and two additional states pondering the introduction of such bills. Below is a list of all active LCF programs in North America in addition to those currently under consideration (formally or informally). Active LCF...
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