SB348 mandates the State Air Resources Board to revise the Low Carbon Fuel Standard program to reduce financial burdens on California drivers.

SB348 requires the State Air Resources Board to reconsider and revise the Low Carbon Fuel Standard program to lessen the financial burden on California drivers. The revisions must include a thorough analysis of the financial impact on drivers, prioritize policy changes benefiting individual drivers, evaluate the extent of prioritizing in-state projects, and analyze the impacts of adjusting the credit price cap. The bill emphasizes the importance of the Low Carbon Fuel Standard in achieving the state's climate goals while ensuring economic equity for residents.

SB348 mandates the State Air Resources Board to revise the Low Carbon Fuel Standard program to reduce financial burdens on California drivers.

SB348 requires the State Air Resources Board to reconsider and revise the Low Carbon Fuel Standard program to lessen the financial burden on California drivers. The revisions must include a thorough analysis of the financial impact on drivers, prioritize policy changes benefiting individual drivers, evaluate the extent of prioritizing in-state projects, and analyze the impacts of adjusting the credit price cap. The bill emphasizes the importance of the Low Carbon Fuel Standard in achieving the state's climate goals while ensuring economic equity for residents.