“The California Air Resources Board (ARB) is preparing to extend the program through 2030, with additional emissions cuts aimed at ultimately reducing the carbon intensity of fuels sold in-state by 20 percent. The low-carbon fuel standard (LCFS) program, in place since 2011, sets an average carbon content for fuels that declines annually. To stay below that standard, companies need to either change the balance of fuels they sell or buy credits to offset high-emitting fuels.”
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