fbpx

The Harvest Yet To Come

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

In recent years, our great state has made incredible national progress in committing us to a sustainable and renewable future. Since the passage of the Energy Transition Act in 2019 – the act that made us the third state in the country to pass 100 percent clean energy commitments – we have seen a wave of innovators and developers make their way to our state and help us become a hub for clean energy development. In the coming years, we can expect to see a burgeoning economy, an equitable distribution of clean, affordable, and reliable energy and an overall higher quality of life for our communities. All of this is at our fingertips and all of this is at stake should we pass the wrong policies too soon. 

Right now, there are efforts to pass a tax on energy generated from renewable sources – specifically for that generated from wind energy. At such early stages of development, such a tax would be lethal to the recovery of our communities – similar to planting an entire field of crops before establishing the irrigation system. Not only does such impatience reflect poorly on current New Mexicans, but it also discourages future partnerships and innovators from bringing their projects to our state. We can reap the greatest harvest once the proper infrastructure is up and running and once we have worked cohesively with every moving part of the operation. 

We are at the start of a new era, and now more than ever we need to ensure our upcoming policies ease this transition rather than bring them to a jarring halt.

Sources:

https://www.nmlegis.gov/handouts/NMFA%20091820%20Item%203%20Renewable%20Energy%20Growth%20Case.pdf 

https://www.wyoleg.gov/InterimCommittee/2019/03-20190708July52019RevenueCommitteerevisedmemoelectricityproductiontaxes.pdf

https://www.wyoleg.gov/InterimCommittee/2019/03-20190708EstimatingtheImpactofStateTaxationPoliciesontheCostofWindDevelopmentintheWest-3-8-2019-corrected.pdf

 

Share on facebook
Share on twitter
Share on email