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Policies That Encourage Development of Renewable Energy

renewable energy

The majority of electricity in New Mexico comes from coal-fired power plants. At the same time, New Mexico possesses some of the best renewable energy resources in the world. New Mexico can become a leader in the creation of a new energy economy by encouraging policies that will promote the development of our renewable energy resources.

The Campaign for a New Energy Economy is working to have 30% of our power come from renwable sources by 2020. There are many policy options that can help us meet that goal, including a stronger Renewable Portfolio Standard, Tax Incentives and Rebates.

Renewable Energy Initiatives»

“If somebody tomorrow were to discover that global climate change isn't real, the carbon tax still would have resulted in higher-performance machinery, more conscientious executives and healthy debate in the industry. Better yet, it would have reduced our dependence on foreign oil. At the end of the day you'd say, Well, that wasn't a bad deal anyway.”

Paul Anderson, CEO Duke Energy

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