Aemetis Backs Updated Low Carbon Fuel Standard, Urges CARB Adoption
TL;DR
Aemetis, Inc. urges strong support for the updated Low Carbon Fuel Standard proposal, creating new investment opportunities in renewable energy.
The updated LCFS supports CARB’s 2045 goals, aiming to reduce greenhouse gas emissions by 85%, improve air quality, and create more than 4 million jobs.
The adoption of new LCFS goals is expected to improve air quality, reduce greenhouse gas emissions, create new jobs, and save billions of dollars in health costs associated with pollution.
Aemetis, Inc. focuses on renewable natural gas and renewable fuels, aiming to replace petroleum-based products and reduce greenhouse gas emissions.
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Aemetis, Inc., a renewable fuels company, has announced its strong support for California's updated Low Carbon Fuel Standard (LCFS) proposal. The company is urging the California Air Resources Board (CARB) to adopt the measure at its upcoming meeting on November 8, 2024. This development could have significant implications for the renewable energy sector and California's environmental goals.
Eric McAfee, Chairman and CEO of Aemetis, emphasized the LCFS program's effectiveness in reducing greenhouse gas emissions and improving air quality in California. The updated proposal aims to extend LCFS goals for the next 20 years, potentially driving substantial investment and job creation in the state's renewable energy sector.
The proposed LCFS update aligns with CARB's ambitious 2045 goals, which include an 85% reduction in greenhouse gas emissions, the creation of over 4 million jobs, and significant improvements in air quality for disadvantaged communities. These objectives are expected to yield substantial health cost savings for Californians.
If adopted, the updated LCFS could accelerate the decarbonization of California's transportation sector, a critical step in meeting the state's climate targets. For companies like Aemetis, which focuses on low and negative carbon intensity products, the proposal represents a potential boost to their business model and expansion plans.
The support from Aemetis, a key player in the renewable fuels industry, underscores the growing momentum behind California's climate initiatives. It also highlights the increasing alignment between environmental goals and economic opportunities in the renewable energy sector. The outcome of CARB's November 8th meeting could set a precedent for other states and potentially influence national climate policy.
Curated from NewMediaWire
