Vote Smart's Synopsis:

Vote to pass a bill that establishes clean fuel energy standards for the state of New Mexico.

Highlights:

• Establishes greenhouse gas emissions reduction goal of 20% by 2030 and 30% by 2040 (Sec. 3).

• Requires calculation of carbon intensity values for all transportation fuels (Sec. 3).

• Establishes a credit system to incentivize greenhouse gas emissions reduction, whereby fuel and electric providers may obtain credits for undertaking projects to reduce greenhouse emissions in their sector or in any other area (Sec. 3).

• Requires fuel and electric providers to balance their credits with their emissions (Sec. 3).

• Establishes a market for different providers to trade credits (Sec. 3).

• Establishes the Clean Fuel Standard Fund for revenues generated by this act, to be used for the administration of the credit system (Sec. 4).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that establishes clean fuel energy standards for the state of New Mexico.

Highlights:

• Establishes greenhouse gas emissions reduction goal of 20% by 2030 and 30% by 2040 (Sec. 3).

• Requires calculation of carbon intensity values for all transportation fuels (Sec. 3).

• Establishes a credit system to incentivize greenhouse gas emissions reduction, whereby fuel and electric providers may obtain credits for undertaking projects to reduce greenhouse emissions in their sector or in any other area (Sec. 3).

• Requires fuel and electric providers to balance their credits with their emissions (Sec. 3).

• Establishes a market for different providers to trade credits (Sec. 3).

• Establishes the Clean Fuel Standard Fund for revenues generated by this act, to be used for the administration of the credit system (Sec. 4).

Full Bill Text