Tag Archives: AB32

California’s Low Carbon Fuel Standard will likely spur innovation

July 12, 2012 |


California’s Low Carbon Fuel Standard (a provision of AB 32 requiring refiners and transportation fuel distributors to reduce the carbon intensity of fuels by 10% by 2020) faces legal challenges and its future is uncertain. Adding to the recent debate, on June 19 the Western States Petroleum Association (WSPA) hosted a forum centered on their release of a study from Boston Consulting Group (BCG) projecting severe, negative impacts on jobs and economic activity. The study’s pessimistic assumptions and limited scope mean it does not give a complete picture of the policy’s likely costs and benefits.

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