H.F. No. 2083 - Futures Fuels Act Summary

• Establishes a clean fuels standard requiring transportation fuel suppliers to reduce aggregate carbon intensity 20% below 2018 baseline levels by end of 2035, with annual standards set by commissioner through rulemaking.

• Creates a tradeable credit and deficit system where fuel providers generating low-carbon fuels earn credits and those exceeding carbon intensity standards must purchase credits or reduce fuel carbon intensity.

• Defines carbon intensity using Argonne National Laboratory's GREET model adapted to Minnesota, with fuel pathways calculated for all fuel types including gasoline, diesel, electricity, hydrogen, biofuels, and renewable natural gas.

• Requires commissioner to develop fuel-neutral portfolio supporting rural and urban economic development, energy security, transportation electrification, air quality improvements, waste recycling, farmer agricultural practices, and environmental protection.

• Appropriates $100,000 in fiscal year 2022 for commissioner of commerce to create implementation report due within 48 months of rule adoption, with public summary information made available.