NACW Session Recording
International Imports and Domestic Regulation – an LCFS Market Outlook
Path 4: LCFS & Technical Sessions
Since the implementation of California’s LCFS, obligated parties have leveraged the national market for renewable fuels created by federal Renewable Fuel Standard (RFS) to augment their LCFS compliance efforts. Additionally, international imports of biodiesel and renewable diesel reached record highs in 2016 driven by the RFS, LCFS, and the blender tax credit. While it’s seen as unlikely that the RFS’s 2017 volume mandates will change, the rule has been held up with EPA’s broad delay of pending regulations, which is creating uncertainty around the future of the RFS and RVOs under the Trump administration. How will these changes affect RINs and the LCFS market? What’s the outlook for international trade and domestic production in light of possible reforms to the lapsed blenders tax credit?
- Aakash Doshi, Director, Citigroup Global Markets Research Dept.
- Simon Mui, Senior Scientist and Director, California Vehicles and Fuels, Natural Resources Defense Council
- Josh Bledsoe, Counsel, Latham & Watkins