Bill > S2251

This bill establishes a comprehensive Clean Fuel Standard (CFS) designed to reduce transportation fuel carbon intensity by 80% from 1990 levels by 2050. The standard creates a credit trading system where transportation fuel providers can generate or purchase credits based on the carbon intensity of their fuels, with credits representing one metric ton of carbon dioxide equivalent. The bill applies to most transportation fuel providers, excluding certain sectors like aviation and military vehicles, and allows for an optional opt-in for aviation fuel providers. Transportation fuel providers can comply with the standard by either reducing their fuel's carbon intensity or purchasing credits to offset deficits. Notably, public entities generating credits will be required to invest a portion of their credit value into clean energy and accessible transportation projects in disadvantaged communities. The Department of Energy Resources will oversee the program, establishing annual implementation schedules, setting carbon intensity standards, creating a credit trading marketplace, and developing necessary regulations. The bill defines key terms like "carbon intensity" and "full fuels lifecycle" and aims to support clean energy transition while considering technological availability, compliance costs, and fuel quality and availability.

Transportation and Infrastructure

https://malegislature.gov/Bills/194/S2251