Download PDF
July 28, 2017

Neste Welcomes California’s Commitment To The Low Carbon Fuel Standard

Lauren M. Graham, Ph.D.

By Lauren M. Graham, Ph.D.

On July, 19, 2017, Neste, a member of BRAG, issued a statement to congratulate California on its strong climate leadership supporting the transition to clean energy.  Neste stated that it looks forward to continuing to support the State's targets at curbing carbon emissions through its renewable products. 
With a two-thirds majority, the California State Senate and Assembly voted to extend the State’s cap-and-trade program until 2030, and to codify the Low Carbon Fuel Standard (LCFS) into law.  The LCFS regulation aims to reduce the carbon intensity of fuels sold in California by ten percent by 2020, in line with the California Health and Safety Code mandate to reduce greenhouse gases in California.  The law will now recognize low-carbon transportation alternatives for the allocation of future Greenhouse Gas Reduction Funds (GGRF) from related auction revenues.