Southwest
New Mexico
New Mexico is ranked second in the country for crude oil production and 6th for natural gas production, and has increased production in recent years. However, the state is also ranked 9th in the country for electricity generation from wind power and has substantial solar and geothermal energy potential; renewables make up around half of in-state electricity generation, surpassing their legislative target of 40% by 2025. Net emissions decreased 26% from 2005-2021, but emissions from oil and gas are projected to continue increasing. The state also has the third-largest tribal land acreage in the country, much of which contains significant energy resources, and 44% of the state is a federally-designated Disadvantaged Community (DAC) — ranked 5th nationally.
GHG Reduction Targets
All targets relative to 2005
levels
2030
45%
Governor
Michelle Lujan Grisham (Democrat)
Governor
Michelle Lujan Grisham (Democrat)
House Party
Democratic Majority
House Party
Democratic Majority
Senate Party
Democratic Majority
Senate Party
Democratic Majority
Legislative session
1/16/24 - 2/15/24
US Climate Alliance Status
Member
22
40
Southwest
4 states
This map shows the occurrence of climate policies passed at the state-level. Higher numbers represent more climate policies enacted.
Progress by Policy Area
- Enacted
- In-progress
- Partially Enacted
- Not Enacted
Greenhouse Gas Emissions Projections in New Mexico
Created in partnership with
Filters
| Status | Policy | Policy Area | Policy Category | YR Enacted | |
|---|---|---|---|---|---|
| Enacted |
Empty column
New Mexico Climate Investment Center Establishing Policies
|
Cross-Sector
|
Climate Finance | 2023 | |
| Not Enacted |
Empty column
Carbon pollution pricing establishes a pollution fee or cap-and-trade program on the greenhouse gas emissions associated with each sector/source of emissions within the state. Programs typically cover the electricity, buildings, transportation, and/or industrial sectors. |
Cross-Sector
|
Carbon Valuation | ||
| Not Enacted |
Empty column
The social cost of carbon is a monetary estimate of the damage of each ton of greenhouse gases emitted. The social cost of carbon is used to quantify and monetize climate damages, representing the net economic cost of climate pollution to society. |
Cross-Sector
|
Carbon Valuation |