NM to weigh proposal for low-carbon fuel in 2022

The Albuquerque Journal ^ | June 14, 2021 | Dan McKay

[CedarDave]

SANTA FE – New Mexico lawmakers can expect a clean fuel standard on their 2022 agenda – a priority Gov. Michelle Lujan Grisham’s administration pitched Monday as a matter of economic development.

The proposal would require a 10% reduction in the carbon intensity of fuel used for transportation by 2030 and 28% by 2040.

But companies that make, produce or refine fuels would also have the option of buying credits from producers of hydrogen or other low-carbon fuels or from businesses that reduce their emissions – creating a market, supporters say, that would spur investment in clean energy.

Economic Development Secretary Alicia J. Keyes said Monday that Lujan Grisham intends to add the legislation to the agenda of next year’s 30-day session.

The state Environmental Improvement Board would establish a “fair market for credit transactions,” allowing companies to offset their high-carbon fuel by purchasing credits from other companies that reduce their emissions or generate low-carbon fuels.

Keyes told lawmakers that the bill would lead to a market-based approach to reducing carbon emissions. A similar law in California, she said, boosted employment in biomass, wind and solar.

“We really want to get it over the finish line next session,” Keyes said.

California and Oregon also have clean fuel standards.

In New Mexico, the state Environment Department describes the transportation sector as the second-largest source of greenhouse gas emissions, following the oil and gas industry.

[CedarDave]

That's it New Mexico, the way for progress is to follow California /s

[CedarDave]

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[FreedomPoster]

This sort of thing is going to completely mess over personal freedom of movement and economic mobility for individuals and businesses. It will not end well.

[RBW in PA]

Follow the money, there is a large company paying off the politicians to make this happen.

[fastrock]

Anytime there is energy swaps - there are more being swapped under the table or Caribbean bank accts

[Ruy Dias de Bivar]

From a state that sixty years ago had good jobs, great schools, excellent health care! To the bottom of the heap in sixty years.

The unofficial motto for Arkansas was “THANK HEAVENS FOR MISSISSIPPI”, as Mississippi was always at the bottom of every list with Arkansas next, from opportunities, education and health.

Now the unoffical motto for both these states is “THANK HEAVENS FOR NEW MEXICO!”

What has happened to my home State! Oh yeah, Democrats have run it into the ground.

[allblues]

Carbon credits are the 21st century equivalent of indulgences.

[JWNM]

There is a LOT of corruption going on in the New Mexico government. They’re really not even hiding it anymore.

[jdsteel]

“Keyes told lawmakers that the bill would lead to a market-based approach to reducing carbon emissions.”

Now that’s comedy gold. On so many levels.

[LegendHasIt]

The ignorant (and evil) lunatics in Santa Fe are at it again..... Or should I say; still.

"...as a matter of further economic development destruction."

Fixed it for them

I remember the old days when even the democrats in NM were fairly conservative. That pretty much ended when Bill Richardson facilitated letting illegal aliens vote in NM.

[shanover]

I say this over and over: NM is now NJ of the Southwest. We are watching states fall over like dominoes.

[AZJeep]

Maybe just poor water in the fuel.
It may work somewhat?!

[Ruy Dias de Bivar]

I remember vacationing back in NM exactly fifty years ago this month. A radio advertisement warned of “activists” who wanted no oil or gas drilling and no mining of coal or copper in NM because they wanted to “Preserve it”.

“Preserve it for what?” the advertisement asked. “No, they just wanted to “Preserve it.”

And that was fifty years ago.

[Ruy Dias de Bivar]

California was like a cell filled with a liberal virus. Eventually the cell is destroyed and the virus spreads to other cells, in this case, States.

Fifty years ago the most popular bumper sticker in Colorado and northern NM was...”DON’T CALIFORNICATE COLORADO!”

Well, it has been, and now the virus is spreading rapidly into New Mexico.

[Svartalfiar]

The proposal would require a 10% reduction in the carbon intensity of fuel used for transportation by 2030 and 28% by 2040.

"Carbon intensity"? What is that supposed to mean? They want a lower ratio of carbon to everything else? So more butane and less butene? More octane and less octyne?