An Act establishing clean fuels standards; establishing the Clean Fuels Standards Board; imposing duties on the Clean Fuels Standards Board and the Department of Environmental Protection; and establishing the Fair Market Credit Trading Program.

HB 2063 establishes emissions standards for transportation and heating fuels in Pennsylvania, requiring fuel suppliers to reduce the carbon intensity of fuels sold in the state. It creates the Clean Fuels Standards Board to set annual emissions targets and administers the Fair Market Credit Trading Program, where entities that exceed standards can sell credits to those that fall short. The law directly affects fuel producers, refiners, and distributors by mandating lower emissions per unit of fuel energy, measured using life-cycle greenhouse gas analysis. Key provisions include technology-neutral standards (not favoring specific fuels), exemptions for agricultural co-products, and a credit system to incentivize clean fuel production without specifying outcome predictions.