Establishes low-carbon transportation fuel standard program in DEP.

This bill creates a new low-carbon transportation fuel program within New Jersey's Department of Environmental Protection to reduce greenhouse gas emissions from vehicles. The program requires fuel suppliers to meet specific carbon intensity standards, meaning fuels must produce at least 10% fewer emissions than traditional gasoline or diesel over their entire lifecycle. It defines low-carbon options to include electricity, hydrogen, renewable diesel, and other alternative fuels, while establishing a system for tracking and managing fuel credits. The legislation also sets a target for fuels to achieve at least 20% lower emissions within 10 years of the program's start.