LCFS Credit definition
Examples of LCFS Credit in a sentence
Sample Report Template for LCFS Credit Generation, to populate ARB’s LRT-CBTS (LCFS Reporting Tool; Credit Bank and Transfer System) upload template: [to be developed by Seller and Buyer] Buyer and Seller shall explore ways to combine the above two reports for credit generation, notwithstanding the two different credit generation protocols.
Commencing with the quarter in which the Initial Funding Date occurs, the Large EDUs will deposit their Required Percentage of their respective LCFS Credit Revenue into their respective EDU Contribution Accounts no less frequently than on a quarterly basis in arrears and in one or more transactions that shall be made no later than the end of the last business day of the following quarter.
Each other Participating EDU besides the Large EDUs will also deposit its Required Percentage of its respective LCFS Credit Revenue received in any calendar year commencing with the calendar year in which it becomes a Participating EDU into its respective EDU Contribution Account no less frequently than on an annual basis in arrears and in one or more transactions that shall occur no later than March 31st of the following year.
Sample Report Template for RIN Generation, to populate EPA’s EMTS (EPA Moderated Transaction System) upload template: [to be developed by Seller and Buyer] Reporting for LCFS Credit Generation.
The LCFS Credit represents only the intangible rights and benefits accruing to a Regulated Party (as defined in the LCFS) based upon the carbon intensity of transportation fuel sold, supplied or offered for sale in California by the Regulated Party as conferred by CARB.