New Mexico Senator Mimi Stewart and Representative Nathan Small this week filed the New Mexico Clean Fuel Standard Act (Senate Bill 11), a Governor’s priority bill that would bring an estimated $47 million in economic investments annually to the state while significantly reducing greenhouse gas emissions from the transportation sector. If enacted, the Clean Fuel Standard Act will establish a market-based approach to cut greenhouse gas emissions from transportation fuels, requiring fuel producers and importers to reduce the amount of carbon in fuels used in New Mexico.
The legislation requires the New Mexico Environment Department (NMED) to develop rules within 24 months of the bill becoming a law and includes a $3.2 million appropriation for NMED to develop the rules to implement the Clean Fuel Standard Act.
“We’re tackling greenhouse gas emissions in New Mexico using science and innovation in our laws and rules,” said NMED Cabinet Secretary James Kenney. “Today, we are taking another step in transforming our economy away from carbon-emitting fuels to protect the health of New Mexicans and to stem the impacts of climate change.”
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