CLEAR HORIZONS & EMISSIONS CODIFICATION

SB 18 establishes legally binding statewide greenhouse gas emissions targets for New Mexico, requiring a 45% reduction from 2005 levels by 2030, 75% by 2040, and net zero emissions (100% reduction) by 2050. The bill mandates that the Environmental Improvement Board track and report emissions, allowing states to meet targets through direct reductions or carbon removal projects within New Mexico, including initiatives on tribal lands. It updates key definitions in environmental law to clarify terms like "greenhouse gas," "statewide emissions," and "carbon intensity" for consistent reporting and enforcement. These provisions directly affect state agencies, businesses, and industries contributing to emissions within New Mexico.