LCFS Credit Price by Market

California is the dominate market when it comes to trading LCFS credits.  There are two additional markets in which similar credits trade, Oregon and British Columbia.  However, both are significantly smaller than California.  When looking at the size of the diesel market, where renewable diesel and biodiesel have made significant inroads as alternate fuels, the Oregon diesel market it about a quarter of the size of California and British Columbia, while larger, is just over one third the size.

British Columbia was the first LCFS program.  Adopted in 2008, British Columbia preceded both California and Oregon.  California’s low carbon fuel standard, introduced by the California Air Resources Board (CARB) in 2009, was implemented in 2011.  Oregon’s Clean Fuels…