New Mexico Governor Michelle Lujan Grisham has signed the Energy Transition Act, important legislation that will set statewide renewable energy standards and a pathway for a low-carbon energy transition from coal, reports Daily Energy Insider.

The bill sets a statewide renewable energy standard of 50 percent by 2030 for New Mexico investor-owned utilities and rural electric cooperatives and a goal of 80 percent by 2040, officials said, in addition to setting zero-carbon resources standards for investor-owned utilities by 2045 and rural electric cooperatives by 2050.

The American Wind Energy Association (AWEA) supports the measure.

"We applaud the leadership of the New Mexico legislature and Governor Lujan Grisham for setting New Mexico on a path to a cleaner and stronger economy just months into her new administration," AWEA CEO Tom Kiernan said. "Ambitious renewable energy policies turn heads in the business community, drawing nationally-recognized corporate brands into the state and encouraging developers to invest billions of dollars into wind farms that create jobs and revenues for rural communities."

Source: Daily Energy Insider