Bill > SB348

This bill requires the California State Air Resources Board (CARB) to reconsider and revise the Low Carbon Fuel Standard (LCFS) program to reduce its financial burden on drivers, beginning no later than January 31, 2026. The LCFS is a regulatory program designed to reduce carbon intensity in transportation fuels and support California's greenhouse gas emission reduction goals. The bill mandates that CARB conduct a comprehensive analysis of the program's cost impacts, including a detailed examination of carbon credit costs and their effect on drivers. Specifically, CARB must provide a comparative analysis of previous cost evaluation methodologies, prioritize policy changes that directly benefit individual drivers (such as adjusting credit generation structures), evaluate opportunities to support in-state projects, and analyze potential adjustments to the Credit Clearance Market's price cap. Additionally, the bill requires CARB to consider the financial burden on drivers whenever it develops policies, standards, rules, or regulations that could directly impact driver costs, ensuring transparency and economic equity while maintaining the state's environmental objectives. This approach reflects California's recognition of both climate change mitigation and the economic challenges faced by consumers.

Agriculture and Natural Resources, Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB348