Jurisdictional cap-and-trade programs continue to gain steam in North America, with Washington’s new Cap-and-Invest program bursting out of the gate in its much-anticipated debut while New York gears up for the launch of its own program, one that faces unique challenges, especially considering the state’s existing participation in the Regional Greenhouse Gas Initiative.
California and Quebec’s landmark joint Cap-and-Trade program is undergoing regulatory review by state lawmakers considering adjustments that could have a significant impact on allowance supply and demand fundamentals.
Meanwhile, the global voluntary carbon market is facing a potential watershed moment, continuing to seek avenues to scale while also facing serious questions about credit quality and the growing scrutiny of the asserted benefits provided by the projects that supply them.
Low Carbon Fuel Standard (LCFS) programs are under the microscope, perhaps now more than ever before. California’s LCFS is nearing the end of what has been an exceptionally lengthy rulemaking process to extend the targets out to 2045, as well as possibly raise the nearer-term targets to 2030. As the market continues to churn out low-carbon fuels far ahead of the current compliance schedule, the situation is becoming increasingly dire for producers of the fuels as they nervously await CARB’s final revisions.
Oregon recently wrapped up changes of their own with their Clean Fuels Program. Washington state is in its first year of the program, as is Canada’s nationwide Clean Fuel Standard. The speculation around what will happen in California — where LCFS programs began — continues to have far-reaching implications that touch many different industries.
Join your current and future business partners at the 12th Annual OPIS LCFS & Carbon Markets Workshop and hear from recognized industry experts as they provide insights on key market topics including:
|•||What is in the cards for Washington’s Cap and Invest program after an eventful first year?|
|•||What are the newest insights on New York’s Cap and Invest program?|
|•||How does potential linkage impact existing and future North American Cap and Trade markets?|
|•||What changes are being considered for California’s Cap and Trade program, and what are the potential price impacts?|
|•||How has the global voluntary carbon market responded to the recent uptick in media scrutiny of project quality and proclaimed benefits?|
|•||How has pricing in the voluntary carbon market evolved over the past year? What are some potential tailwinds or roadblocks to be aware of in 2024?|
|•||How urgently will CARB finalize the new LCFS targets to 2045, and how substantial will the 2030 changes be for the program?|
|•||How have the shifting feedstock economics affected renewable diesel and the importance of that fuel for LCFS compliance?|
|•||How has the rollout of Canada’s nationwide Clean Fuel Standard and Washington’s Clean Fuel Standard been received, and how will they serve as models for the next jurisdictions to launch programs?|
|•||How will changes in California’s LCFS program affect fuels like sustainable aviation fuel, renewable natural gas, hydrogen and the ever-evolving electric vehicle landscape?|