Industrial Carbon Reduction Act

Where it is in the process

Plain-English Summary

This bill, the "Industrial Carbon Reduction Act," creates programs in New Mexico to reduce carbon emissions from industrial facilities. It establishes incentives for companies that lower their carbon intensity by at least 40% below industry averages and provides grants for capital investments that achieve similar reductions. The bill also creates a fund with an initial transfer of $50 million from the general fund to support these programs.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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