Pacific Northwest Series
Oregon and Washington run the two youngest clean fuel standards in North America, and both are approaching the same problem from opposite directions — a credit bank that has been paying the bill, and a target schedule about to outrun it.
Credit banks • Target schedules • Deferral mechanics
The Analysis
Two states, two credit banks, and the schedules that empty them.
Washington · Aug 2026
Washington's Clean Fuel Surplus Is Gone by 2029
Washington's clean fuel credits are the cheapest in the region because the state banked a large surplus early. On the targets as adopted, that surplus is gone by 2029 and the obligation nearly quadruples by 2035.
By Koorosh Behrang · Market Insights
Read the analysis →Oregon · Aug 2026
Oregon's Clean Fuel Bank Runs Out in 2027
Oregon has been paying for its Clean Fuels Program out of a credit bank for three years. The account is nearly empty, the obligation is growing faster than the state can generate credits, and DEQ has to decide what happens next.
By Koorosh Behrang · Market Insights
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