A low-carbon fuel standard (LCFS) has moved one step closer to passage in New Mexico’s state legislature—here’s the latest.
ICYMI: The proposed New Mexico Clean Fuel Standard Act, which would require a 20% reduction of the carbon intensity of transit fuels by 2030 and a 30% reduction by 2040 through blending renewable fuels, carbon credits, and emissions reductions along the transportation fuel supply chain.
The latest news: The New Mexico Senate Tax, Business and Transportation Committee approved the proposal yesterday by a 6-4 party-line vote, with Democrats in favor. The bill now advances to the NM Senate Finance Committee.
It would eliminate an estimated 18.5 million metric tons of emissions—“the equivalent of the tailpipe emissions from driving 570,000 gas-powered vehicles for a year,” write three New Mexico Cabinet secretaries in the Santa Fe New Mexican.
And it would have benefits beyond climate: “The bill provides opportunities for existing industries to grow and add jobs while incentivizing new low-carbon fuel companies to invest here,” they continue. “In addition, this bill creates opportunities for the state’s farming communities to capitalize on converting biomass—plant and animal waste—to renewable natural gas and additional opportunities for other biomass, including the production waste from some of our proudest crops, chiles and pecans.”
In context: The National Governors Association (NGA) is meeting in D.C. this week; New Mexico Gov. Michelle Lujan Grisham, who is pushing for the bill's passage, serves on the NGA executive committee and says she will participate in meetings focused on issues including “environmental protection, climate resiliency, clean energy development, and economic growth.”
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