NY A00964

Establishes a clean fuel standard requiring reduction of carbon intensity from on-road transportation by at least 30% by 2032 and 100% by 2050.

Applies to all transportation fuel providers including electricity suppliers, measured on a full fuel lifecycle basis with market-based credit trading allowed for providers exceeding performance requirements.

Requires the Department of Environmental Protection to promulgate implementing regulations within 12 months, considering California's low carbon fuel standard and coordinating with Northeastern states.

Mandates electric utilities, state agencies, and authorities direct 40% of electrified transportation credit value to benefit disadvantaged communities through bus electrification, charging infrastructure, and vehicle incentive programs.

Requires the commissioner to report to the legislature within 24 months on program implementation and greenhouse gas emission reductions achieved.