California Global Warming Solutions Act of 2006: Low Carbon Fuel Standard regulations.

The California Global Warming Solutions Act of 2006 establishes the State Air Resources Board as the state agency responsible for monitoring and regulating sources emitting greenhouse gases. The act requires the state board to adopt rules and regulations to achieve the maximum technologically feasible and cost-effective greenhouse gas emissions reductions to ensure that the statewide greenhouse gas emissions are reduced to at least 40% below the statewide greenhouse gas emissions limit, as defined, no later than December 31, 2030. Pursuant to the act, the state board has adopted the Low Carbon Fuel Standard regulations. This bill would require the state board to recognize as a method to generate credits under the Low Carbon Fuel Standard regulations the use of renewable natural gas or biogas by a source that the state board determines to directly reduce the emissions of methane in the state and that both displaces the existing use of natural gas and reduces the carbon intensity of fuels, as specified. The bill would specify that the credits generated shall only be available for use by a source within the state.