Meeting Clean Power Plan New Mexico

New Mexico's Clean Power Plan target is a reduction of 4.1 million tons of CO2, or 24 percent below 2012 levels, by 2030. A proposed "Clean Path Case" involving renewable energy and energy efficiency policies, combined with carbon emissions trading, is projected to yield 2,400 MW of new wind and solar capacity and $2.7 billion in capital investments by 2030. This transition could reduce typical household electricity costs by 4.3 percent (approximately $33 annually) and generate $115 million in average annual revenue from carbon allowance sales between 2022 and 2030. Additionally, the reduction of CO2, sulfur dioxide (SO2), and nitrogen oxides (NOx) is estimated to provide cumulative health and economic benefits worth $223 million through 2030. To achieve this, the document recommends that the New Mexico Environment Department develop a mass-based compliance plan, the legislature authorize carbon allowance auctions and expand the Renewable Portfolio Standard (RPS) and Energy Efficiency Resource Standards (EERS), and electricity providers prioritize low-cost renewables.

• New Mexico's specific goal under the Clean Power Plan is to reduce carbon dioxide emissions by 4.1 million tons, representing a 24 percent decrease from 2012 levels, by the year 2030.
• The proposed "Clean Path Case" for New Mexico would result in 2,400 megawatts of new wind and solar capacity by 2030, potentially stimulating over $2.7 billion in capital investments.
• Implementing the Clean Path Case is projected to lower typical household electricity costs by 4.3 percent in 2030 compared to a Reference Case, saving households about $33 annually.
• The sale of carbon allowances under the proposed program is expected to generate an average of $115 million in annual revenue from 2022 to 2030.
• Cumulative health and economic benefits worth approximately $223 million through 2030 would be achieved by reducing nitrogen oxides (NOx), sulfur dioxide (SO2), and CO2 pollution.

APA

Union of Concerned Scientists (2016). Meeting Clean Power Plan New Mexico. https://www.ucs.org/resources/meeting-clean-power-plan-new-mexico

Chicago

Union of Concerned Scientists. Meeting Clean Power Plan New Mexico. 2016. https://www.ucs.org/resources/meeting-clean-power-plan-new-mexico.

Wikipedia

{{cite report |author=Union of Concerned Scientists |title=Meeting Clean Power Plan New Mexico |date=25 February 2016 |url=https://www.ucs.org/resources/meeting-clean-power-plan-new-mexico |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{unionofconcernedscientists2016meeting, author = {{Union of Concerned Scientists}}, title = {{Meeting Clean Power Plan New Mexico}}, institution = {Union of Concerned Scientists}, year = {2016}, month = feb, url = {https://www.ucs.org/resources/meeting-clean-power-plan-new-mexico}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }