Bill > HB1409

This bill modifies Washington state's Clean Fuels Program, expanding and clarifying its requirements for reducing greenhouse gas emissions from transportation fuels. The bill increases the carbon intensity reduction target from 20% to 45% below 2017 levels by January 1, 2038, with a potential future increase to 55% reduction, and establishes a more detailed schedule of annual reduction targets. The legislation introduces new penalties for non-compliance, such as fines up to $10,000 per day for late reporting and up to $1,000 per illegitimate credit generated. The bill requires the Department of Ecology to publish regular analyses of credit markets, including credit prices, supply and demand trends, and in-state biofuel production information. It also adds new definitions, such as "registered party," and provides the department with more flexibility in adjusting carbon intensity standards based on factors like zero-emission vehicle program enforcement and greenhouse gas emissions data. Additionally, the bill strengthens reporting requirements, creates a framework for credit generation and trading, and ensures that electric utilities notify customers about any monetary penalties they incur.