Currently 60% of New Mexico’s energy needs are met by the combustion of coal. Coal is the single largest driver of climate disruption worldwide. Rate payers spent approximately 360 million dollars on coal electricity in New Mexico each year. Meanwhile, New Mexico has some of the greatest solar energy potential in the country and could become an important national leader in the shift from fossil-fuel based US economy to a clean energy economy.
New Energy Economy works to reduce energy consumption and divert funds from carbon-emitting fossil fuels to renewable alternatives in order to mitigate climate disruption and bring the economic, health, and environmental benefits of renewable energy to communities across the state.
New Energy Economy is working tirelessly to push for a renewable-based replacement power portfolio to replace the energy supply that will be retired when PNM is forced to close half of the San Juan Coal Plant in 2017 in order to comply with EPA Visibility Requirements. The Replacement Power decision facing New Mexico represents the greatest single opportunity to reduce the state's carbon emissions in its history.
Given that the "regulated" monopoly utility structure has not facilitated a rapid enough transition to renewables, New Energy Economy is working at the local and state level to help communities pursue energy choice that is reflective of community values and preferences for solar and wind.
We’re also working with a national coalition to advance comprehensive federal cap-and-dividend legislation that would reduce carbon emissions and help stabilize the climate.