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April 17, 2007

Governor Richardson Enacts Four Clean Energy Bills for NM

Measures promote advanced energy technologies, green buildings and biodiesel.
Santa Fe, New Mexico [RenewableEnergyAccess.com]

New Mexico Governor Bill Richardson Bills recently signed four significant renewable energy bills: SB 994 (Advanced Energy Tax Credit); SB 489 (Biodiesel Blend Required by 2012); HB 318 (Power plant mercury emissions control); SB 463 (Renewable Energy Production Tax Credit Amendments).

"These vital pieces of legislation will work hand in glove with the other major clean energy bills I enacted earlier this session -- the Renewable Energy Transmission Authority and the quadrupling of the Renewable Portfolio Standard -- to continue to make New Mexico the nation's Clean Energy State."

-- Governor Bill Richardson, New Mexico

"New Mexico is showing that we can create jobs through spurring significant investment in electricity generation from our world-class solar and wind resources," Richardson said, "promoting advanced coal technologies, building more efficient homes and offices, and increasing the production and use of biodiesel."

-- SB 994 (Cisneros) is the first tax credit in the nation to cover carbon capture technology and include specific capture goals at coal-fired power plants.
-- SB 489 (Ortiz y Pino) will require that 5% of every gallon of diesel fuel sold in New Mexico comes from an agricultural source by 2012. This will help boost New Mexico's growing biodiesel industry, reduce our use of foreign oil and combat climate change.
-- HB 318 (Wirth) allows New Mexico to continue to protect its citizens from the damaging effects of mercury pollution. This bill allows New Mexico to pass more protective mercury standards than the federal government.
-- SB 463 (Cisneros) contains several tax incentives that were originally proposed as separate bills: Renewable Energy Production Tax Credit Amendments, Sustainable Building Tax Credit, Advanced Energy Product Tax Credit, Biodiesel Fuel Production Tax Incentives, Solar Energy System Gross Receipts, and Agricultural Water Conservation Tax Credits.

"These vital pieces of legislation will work hand in glove with the other major clean energy bills I enacted earlier this session -- the Renewable Energy Transmission Authority and the quadrupling of the Renewable Portfolio Standard -- to continue to make New Mexico the nation's Clean Energy State," said Governor Richardson.
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Reader Comments (2)
 
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April 18, 2007
Makes you proud to be a New Mexican, thanks Bill! New Mexico has great solar and wind potential, and Taos is the self proclaimed "Solar Capital of the World". Plus, Tesla is building a plant in Albuquerque, and the Spaceport is coming soon. On the flip side, global warming is predicted to make NM an even dryer place than it is today, good for solar energy production but bad for humans and livestock.
Comment 1 of 2
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April 19, 2007
Yet another state passing limits on mercury because the RPA is essentially doing nothing, having given the power industry 11 YEARS to control mercury.
ADES has 50% of the US business in mercury control.

http://www.businessweek.com/magazine/content/07_17/b4031115.htm
Comment 2 of 2
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