W|Carbon: Low Carbon Fuel Credits Monthly - April 2025

Apr 16, 2025

∙ Paid

About W|Carbon - For access information, contact info@webberresearch.com or Webber Research Institutional Sales at walter.lobo@webberresearch.com or Subscribe below:

Key Takeaways (Abridged)

California: The average monthly price of LCFS credits dropped to $61/MT in March, down from $66/MT in March 2024 and $70/MT for the past four months. We note the decline is less severe relative to sharp drops seen since 2021 and that prices have...
- Implementation of the November 2024 approved LCFS guidance remains delayed and is currently under review by the Office of Administrative Law (OAL), with a resolution expected following a public comment period which closes on 4/21. We note…
Oregon: CFP average monthly prices fell to $43.05 in March, a 13% decrease from February's $46.63/MT, marking the second lowest monthly average in the market's history. The price is down 56% year-over-year from March 2024's $97.88/MT. March credit volumes...
Washington: CFS average monthly prices remained relatively stable at $22.60/MT in March, a 1.8% increase from February's $22.19/MT, after a slight 3.2% decrease from January. The March CFS credit price is down 59% year-over-year from March 2024's $66.53/MT. March credit volumes...
- Washington State's legislative and regulatory bodies addressed key aspects of the Clean Fuel Standard (CFS) with House Bill 1409 introduced to accelerate the state's carbon intensity reduction goals, aiming for a 20% reduction by 2034, four years ahead of the previous target. This change would require conventional fuel suppliers to...
W|Carbon Analysis: More stringent CI reductions in California and Washington are expected to...