Establishes a clean fuel standard to reduce carbon intensity of transportation fuels by 80% by 2050.
The bill mandates the Department of Energy Resources to set a clean fuel standard, reducing transportation fuel carbon intensity by 80% from 1990 levels by 2050. It includes mechanisms for credit generation and trading to offset carbon deficits. Credits are quantified based on lifecycle emissions and annual carbon emission intensity. The standard applies to most transportation fuel providers, excluding certain aviation, railroad, military, and interstate waterborne fuels, and those below specified volume thresholds.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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