Aemetis, Inc., a leader in renewable natural gas and renewable fuels, has publicly endorsed the proposed update to California's Low Carbon Fuel Standard (LCFS), urging the California Air Resources Board (CARB) to adopt it at the upcoming meeting on November 8, 2024. The company views the updated LCFS as a pivotal measure for achieving the state's environmental and economic objectives, particularly in reducing greenhouse gas emissions and fostering job creation.
Eric McAfee, Chairman and CEO of Aemetis, praised the LCFS program for its effectiveness in cutting emissions and enhancing air quality. He highlighted the proposed 20-year extension of LCFS goals as a significant opportunity to decarbonize transportation, stimulate job growth, and attract investment. The updated standard is in line with CARB's 2045 targets, which aim for an 85% reduction in greenhouse gas emissions, the creation of over 4 million jobs, and substantial savings in health-related costs due to pollution.
The updated LCFS is also expected to benefit disadvantaged communities near pollution sources, addressing environmental justice concerns. McAfee applauded CARB's efforts and called for a collaborative approach involving unions, agriculture, industry, and affected communities to enhance the LCFS's impact. Aemetis's support reflects the broader industry momentum towards California's low-carbon transition, with the company's renewable energy projects, including biogas digesters and sustainable aviation fuel development, exemplifying this shift.
The adoption of the updated LCFS could significantly influence the renewable fuels sector and California's economy, encouraging innovation, investment, and the advancement of low-carbon technologies. This move promises cleaner fuel options for consumers and businesses, alongside potential cost savings as the renewable energy market grows. The decision by CARB could also inspire similar climate action policies nationwide and globally, marking a critical step in sustainable economic development.
For more information on Aemetis's initiatives, visit https://www.aemetis.com. The upcoming CARB meeting on November 8th is a key moment for California's environmental policy, with the potential to shape future climate action strategies.
