Stakeholders are still waiting for the California Air Resources Board (CARB) to release the latest proposed modifications to the Low Carbon Fuel Standard (LCFS) program.
Participants were told by CARB staff at the LCFS workshop in mid-August that it would be a couple more weeks before the Standardized Regulatory Impact Analysis (SRIA) is released – this is the economic assessment required for any “major regulation,” defined as having an economic impact of $50 million or more on California business. While not the formal regulatory package, the SRIA can provide some insight on what is to come.
The formal 45-day regulatory package is expected to be released sometime after the September CARB Board Meeting where staff will provide the Board with an informational update. No vote will be taken by the Board at that time. Depending on the package release date, comments could be due sometime in mid-November, at the earliest.
A brief LCFS staff presentation will also occur at the September 14th Joint CARB/EJAC Meeting, so participants should be able to learn more about staff’s recommendations at this time.