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Unlocking California’s Clean Fuel Future: Updated LCFS Program & Its Medium to Long Term Implications | Analyst Note | December 2024
Wednesday, 18th December 2024

This analyst note discusses cCarbon’s updated CarbonOutlook Model that examines the medium- and long-term implications of the updated regulation. The note makes forecasts on leading credit and deficit generators in the coming months and years along with a robust price outlook. Key changes include limiting biodiesel from certain oils, stricter hydrogen production requirements, and phasing out methane capture credits. The amendments also incentivize zero-emission vehicle infrastructure and introduce an automatic adjustment mechanism for carbon intensity benchmarks. Additionally, new rules will track feedstocks to prevent negative environmental impacts, ensuring a more sustainable fuel landscape in California.

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cCarbon has mapped both the demand as well as supply of SAF to size the market. The research indicates that global SAF consumption in 2022 (as per offtake agreements) stood at 494 million litres.
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