Biofuels and Carbon Markets was the focus of a recent Argus Summit in California. Now on its 7th year, the Summit brings together market-focused content and perspectives from government leaders and other stakeholders. Key industry participants, including the National Corn Growers Association (NCGA), representing fuel markets, utilities, industrials, traders, brokers and offset developers gathered to network and discuss the impact of new regulations on the marketplace.
At the Summit, Richard Corey, Executive Director of the California Air Resources Board (CARB), kicked off the event where he delivered the keynote address and focused on a series of questions:
-What are the statuses of California’s LCFS and cap-and-trade programs?
-What are the challenges ahead on the path to meeting 2030 emission reduction targets?
-How might changes at the federal level impact California’s program?
-What does the future of California’s transportation mix look like?
-How is California working with other states and regions to reduce GHG emissions?
This past summer, NCGA in conjunction with the Renewable Fuels Association (RFA), and in concert with AJW, held a listening session in Iowa and Nebraska where Mr. Cory and his staff, as well as representatives from the environmental community, visited farms and ethanol plants to gain a better appreciation of the developing technologies unfolding in this space.
Participants at the conference also heard from the Environmental Protection Agency (EPA) on issues related to SRE’s, the 2020 RVO, as well as Growth Energy on global ethanol markets, and the pursuit of clean fuels where ethanol will continue to play a key role, as well as electrification.
NCGA Director of Renewable Fuels Mark Palmer attended the summit.