Over the last two years we have been following CARB through draft regulation documents, webinars and workshops, and numerous phone calls to arrive at a draft rulemaking document that will drastically change the LCFS program.
At 5pm today, February 20th, CARB will release a preliminary draft of the proposed rulemaking documents which they note will cover a number of topics including:
- Revising the LCFS program carbon intensity targets and extending the program
- Allowing additional fuels and vehicle categories to participate in the program
- Incorporating a carbon capture and sequestration protocol
- Promotion of zero emission vehicle infrastructure
- Addition of a third-party verification of CI values and fuel transactions
- Addition and update of GHG accounting tools including simplified calculator tools
- Streamline the process for fuel pathway applications
- A few other miscellaneous topics
The copy released today will not be the official proposed rule and is still subject to change per the Office of Administrative Law review. The official proposal is set to be released on March 6, 2018 with the public comment period opening on March 9, 2018.
We have been tracking this progress during our LCFS Implementation Series which is a series of emails we have been sending out monthly. Once the regulation is finalized, the email series will transition to “what has changed” and “tips” relating to LCFS. You can click here to subscribe to that mailing list (scroll to the bottom of the page).
Our experts are planning immediate reviews of the preliminary draft in order to identify any major areas that may still need to be addressed through the public comment period. Allow us to help your team identify these key issues as well. Christianson will be hosting a webinar next Wednesday, 2/28/2018 at 10am CST (registration detail below) to give you a high-level overview of the draft and areas that still need to be addressed.
Our review and update will have a large focus on the addition of the third-party verification requirements, but will also make note of some other important areas in the regulation.
We are also rolling out our Biofuels Financial Conference - Webinar Series which is a series of 7 webinars (the first one taking place this Thursday, 2/22) relating to the biofuels industry. The 7th of these webinars is titled "Preparing for LCFS Verification Implementation" and will take place on November 15th, 2018. This will include an update on the final ruling for LCFS that will be implemented on January 1st, 2019. If you would like to sign up for emails relating to this webinar series, please click here and scroll to the bottom of the page.
We want to keep you updated on changes that may impact your business. If you have any questions at all, please don't hesitate to reach out to one of our experts!