New Mexico's Legislature has approved a bill aimed at reducing pollution from cars and trucks by creating financial incentives for transportation fuel producers and importers to lower the carbon intensity of their products.
The bill calls for a reduction in the intensity of greenhouse gas emissions for transportation fuels used in the state — of 20% by 2030 and 30% by 2040.
It would require producers of high-polluting fuels to buy credits from producers and importers of low-carbon fuels.
The transportation sector is the second largest source of greenhouse gas emissions in New Mexico behind the oil and natural gas industry.
“I am concerned about what this bill will do to the price of transportation fuel," Sen. Greg Nibert of Roswell said during Tuesday's Senate floor debate.
Persons:
Michelle Lujan Grisham, State Sen, Mimi Stewart, Albuquerque, “, Sen, Greg Nibert, Roswell, Bill cosponsor, Kristina Ortez, ”, Greg Baca, Belen, we're
Organizations:
Democratic Gov, Department, Democratic, Chevron, New Mexicans, ” Republican
Locations:
California , Oregon, Washington, Mexico, New Mexico, State, Tuesday's, Taos, ”