2022 SB 14 Enacting the Clean Fuel Standard Act

CVNM Position:

Support

Year:

2022

Sponsors:

Mimi Stewart

Topics:

Air Quality
Energy & Climate Change

Legislative Info:

SB 14 on nmlegis.gov »

Description

SB 14 establishes a state clean fuel standard aimed at reducing the carbon intensity of transportation fuels used in NM; sets specific reduction targets for greenhouse gas emissions - 20% of 2018 levels by 2030, 40% by 2040; outlines related rules NMED must implement within two years of the bill's effective date; creates a credit system and a clean fuel standard fund in order to fund the administration of the clean fuel standard.

Outcome

SB 14 passed the Senate 25-16, but failed and died on the House Floor.