The second quarter of 2020 was characterized by a steady rebound from the March COVID-19 slump in the California Low Carbon Fuel Standard (CA LCFS) market. Credit pricing remained strong throughout June 2020, with spot pricing sustaining levels over ~$200 per credit. On July 1, the California Air Resources Board (CARB) imposed a maximum cap on LCFS credit prices for 2020 at $217.97 per credit. The enclosed update provides highlights on news impacting the market, a recent price trend overview, and a closer look at the Q1 2020 credit and deficit report released by CARB at the end of July.
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