Low Carbon Fuel Standard Credit Clearance Market (CCM)

This page last reviewed May 16, 2019


The LCFS includes a provision for holding a Credit Clearance Market (CCM) that provides additional compliance flexibility to regulated parties who have not met their previous year-end obligation. The CCM increases market certainty regarding maximum compliance costs, strengthens incentives to invest in and produce low-CI fuels, and reduces the probability of credit shortfalls and price spikes.


The LCFS regulation established the maximum price for credits acquired, purchased or transferred in CCM at $200 in 2016 and it requires that this price be adjusted by a Consumer Price Index (CPI) deflator in all years subsequent to 2016. The table below shows the maximum credit price determined for CCM in past years and whether a CCM took place in each year.

LCFS Credit Clearance Market Information

CCM Year Maximum Credit Price CCM Held Credits Purchased in CCM
2016 $200.00 Yes 337
2017 $205.40 No Not Applicable
2018 $209.92 No Not Applicable
2019 $213.07 TBD TBD

For more information on relevant CCM dates, please refer to the timeline.
CCM Timeline pdf

Related Links


2018 LCFS Compliance Information and Credit Clearance Market Information

2017 LCFS Compliance Information and Credit Clearance Market Information

2016 LCFS Compliance Information and Credit Clearance Market Information

2015 LCFS Compliance Information and Credit Clearance Market Information

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