Outlines a global strategy to achieve net-zero carbon emissions by 2050, emphasizing the rapid expansion of renewable energy, increased energy efficiency, and significant technological innovations.
It aims to promote the alternative jet fuel industry within Washington by offering an incentive of $2 per gallon of Sustainable Aviation Fuel (SAF) produced in the State. The bill outlines several measures to support the production and use of SAF.
A significant legislative measure aimed at combating climate change and tackling inflation through various economic incentives and investments.
Barack Obama
The Low Carbon Fuel Standard (LCFS) by the California Air Resources Board aims to reduce the carbon intensity of California's transportation fuels by promoting low-carbon and renewable alternatives. The program sets carbon intensity benchmarks and includes provisions for sustainable feedstock, zero-emission vehicle infrastructure, and more.
Aims to reduce the carbon intensity of transportation fuels used in Oregon. The program sets annual targets for lowering carbon emissions from fuels, with a goal of a 10% reduction by 2025, 20% by 2030, and 37% by 2035, compared to 2015 levels. Fuel providers that exceed these reduction goals can earn credits, which can be sold or used to offset future deficits. The program includes mandatory participation for importers of various fuels.
The program sets annual targets, requiring fuel suppliers to gradually lower the carbon intensity of the fuels they provide, with a goal of a 20% reduction by 2030 compared to 2010 levels. The LCFS supports using renewable and low-carbon fuels, such as biodiesel and ethanol, and incentivizes the adoption of clean technologies through credits that can be traded or sold to offset emissions.
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