Low Carbon Fuel Standard or Renewable Fuel Standard?
What is different about a Low Carbon Fuel Standard — as compared to a Renewable Fuel Standard?There are 4 primary differences.1. An RFS creates a standard, and any fuel that meets that standard can compete in that market. Once a fuel has met the low-carbon standard, it becomes entirely about fuel price. In an LCFS, all fuels get credited according to the carbon reductions of their pathway. So, there are no “motivational dead zones” when it comes to pushing harder on reducing carbon.2. An LCFS sets carbon volumes, not fuel volumes. 3. All fuels and energy systems compete against each other. [node:read-more:link]