Proposed changes to California’s LCFS send compliance credits on rollercoaster

In California, Platts reports that LCFS compliance credits took a rollercoaster ride following the announcement the California Air Resources Board proposed a change reducing carbon emissions in transport fuels to 7.5% by 2020 rather than 10% but would boost it to 20% by 2030. With less urgency due to reduced short-term goals, prices fell to $105/mt Wednesday from $149/mt Tuesday but bounced back to $127.5/mt. The CARB released the proposals for 2020 and 2030 on Tuesday.