Legislation Introduced to Establish Clean Fuel Standard in New Mexico

New Mexico, Opinions, Policy, Sustainability

January 22, 2021

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by Erin Voegele (Ethanol Producer Magazine) Legislation introduced in New Mexico on Jan. 19 aims to establish a Clean Fuel Standard within the state. The bill is supported by New Mexico Gov. Lujan Grisham, the Low Carbon Fuels Coalition, and the Biotechnology Innovation Organization.

If signed into law, the bill, SB 11, would require a 10 percent reduction in greenhouse gas (GHG) from transportation fuels by 2030 when compared to a 2018 baseline. The required GHG reduction threshold would ramp up to 20 percent by 2040.

Those who refine, blend, manufacture and import fuel would be tasked with achieving the reductions. Fuel retailers would not be impacted.

A fact sheet published by the New Mexico Environment Department explains that obligated parties could meet the CFS in several ways, including through renewable fuels blending, purchasing credits from generators of low-carbon-intensify fuels, and generating credits by investing in efforts to reduce emissions in the transportation fuel chain. Credits could be generated by any business in any sector of the state’s economy, including agriculture, chemical, dairy, energy, film, forestry, manufacturing, mining, oil and gas, waste management, and wastewater treatment industries.

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Additional information, including a full copy of the bill, is available on the New Mexico Legislature website. READ MORE

New Mexico Clean Fuel Standard Act advances in Senate (KRWG)

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