Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
LCFS credit volume continued to edge higher moving into September. Transactions are likely to accelerate approaching the September 30 reporting period close for the second quarter of 2021 and may remain high through the Quarterly publication date at the end of October.
Weekly volume of 325,548 was two percent above the prior week but 23 percent below the 2021 weekly average of 420,584. Third quarter volume is 48 percent below second quarter volume and 16 percent below Q3 of 2020. There were 29 transactions during the week, up from 17 the week before. The weighted average price paid per credit decreased $2.91 to $186.94. Of the 29 transactions posted, Type 1 transfers totaled 63,548 credits and Type 2 transfers were for 262,000 credits. Type 1 transfers accounted for 38 percent of the transactions and 20 percent of the volume.
Type 1 transactions are executed within 10 days of an…