Aemetis Backs Updated Low Carbon Fuel Standard, Urges CARB Adoption

Renewable fuels company Aemetis, Inc. has announced its strong support for California's updated Low Carbon Fuel Standard (LCFS) proposal, urging its adoption by the California Air Resources Board (CARB) at the upcoming November 8th meeting. This endorsement underscores the potential impact of the LCFS on California's environmental and economic landscape.

Eric McAfee, Chairman and CEO of Aemetis, emphasized the LCFS's effectiveness in reducing greenhouse gas emissions and improving air quality in California. The proposed update extends the program's goals for an additional 20 years, aiming to support the decarbonization of transportation while simultaneously generating new jobs and attracting billions of dollars in investment to the state.

The updated LCFS aligns with CARB's ambitious 2045 goals, which include reducing greenhouse gas emissions by 85%, creating over 4 million jobs, and saving Californians billions in health costs associated with pollution. Notably, the proposal is expected to improve air quality for disadvantaged communities located near pollution sources, addressing long-standing environmental justice concerns.

Aemetis' support for the LCFS update reflects the growing recognition of the need for comprehensive climate action within the private sector. As a company focused on renewable natural gas and low-carbon intensity products, Aemetis stands to benefit from policies that incentivize the transition away from petroleum-based products.

The potential adoption of the updated LCFS could have far-reaching implications for California's energy landscape. It may accelerate the development and deployment of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel, areas in which Aemetis is actively investing. This policy could also stimulate further innovation in carbon capture and utilization technologies, critical for achieving negative carbon intensity goals.

For consumers and businesses in California, the adoption of the updated LCFS could mean a faster transition to cleaner transportation options and improved air quality. The projected job creation and economic investment could provide a significant boost to the state's economy, particularly in sectors related to renewable energy and clean technology.

The LCFS has been a cornerstone of California's climate policy since its inception, and its extension and enhancement signal the state's continued commitment to leading on climate action. If adopted, the updated standard could serve as a model for other states and regions looking to implement effective carbon reduction policies.

As the November 8th CARB meeting approaches, the support from companies like Aemetis highlights the potential for collaboration between regulators, industry, and communities in addressing climate change. The outcome of this meeting could set the tone for California's climate and energy policy for decades to come, with implications that extend far beyond the state's borders.