Bill > S01343

This bill, titled the "Clean Fuel Standard of 2026," aims to reduce greenhouse gas intensity from the on-road transportation sector by 20% by 2034, with further reductions to be implemented based on technological advancements and in alignment with the state's climate goals. The standard will apply to all providers of transportation fuels, including electricity, and will be measured on a full fuels lifecycle basis, meaning it considers emissions from the entire process of fuel production, distribution, and use, including indirect impacts like land use changes. Providers who exceed the standard will earn credits that can be traded to those who don't meet it, encouraging innovation and market-based solutions. The bill exempts aviation fuels due to federal regulations but allows sustainable aviation fuel to opt-in for credit generation to support its development. It also mandates transparency in reporting fuel lifecycle information and imposes penalties for non-compliance, while ensuring that at least 40% of credit value from electrified transportation programs directly benefits disadvantaged communities through investments in charging infrastructure, electric vehicle adoption, and other initiatives. The Department of Environmental Conservation will be responsible for promulgating regulations to implement the standard, considering other states' low-carbon fuel standards and coordinating with them to achieve regional emission reductions.