A California green diesel fuel program is proving too popular for its own good, reports The Wall Street Journal. The state’s efforts have helped create a boom in the production of green trucking fuel, with bio-fuels now making up nearly 50% of the diesel used in California and overall greenhouse-gas emissions down about 13% since the program began in 2011.
That has created a twist that few in the industry anticipated by tanking the market for California’s low-carbon fuel credits, which are now trading for about $84 per metric ton, down from over $200 at the beginning of 2021.
The credit-price collapse threatens the economics of some renewable-energy projects and highlights the way unanticipated market dynamics can compromise government objectives.
Carbon-credit markets have emerged among the main tools used to fight global warming. The experience in California suggests the details need adjusting for the impact of supply and demand.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://www.supplychainbrain.com/articles/37289-californias-green-fuel-program-stifles-other-investments
- :has
- :is
- $UP
- 2011
- 2021
- a
- About
- among
- and
- Anticipated
- ARE
- At
- began
- Beginning
- boom
- by
- california
- CAN
- Collapse
- compromise
- create
- created
- Demand
- details
- diesel
- down
- dynamics
- Economics
- efforts
- emerged
- Emissions
- experience
- few
- fight
- For
- from
- Fuel
- Global
- global warming
- good
- Government
- Green
- Have
- helped
- highlights
- HTTPS
- ID
- Impact
- in
- industry
- Investments
- ITS
- journal
- jpg
- Main
- Making
- Market
- Markets
- metric
- nearly
- Need
- now
- objectives
- of
- Other
- over
- overall
- own
- plato
- Plato Data Intelligence
- PlatoData
- Popular
- Production
- Program
- projects
- Reports
- since
- some
- stifles
- street
- Suggests
- supply
- Supply and Demand
- that
- The
- The Wall Street Journal
- threatens
- to
- Ton
- too
- tools
- Trading
- Trucking
- twist
- used
- Wall
- Wall Street
- Wall Street Journal
- Way..
- which
- with
- WSJ
- zephyrnet