Technological solutions, whether it’s for energy storage, carbon sequestration by natural processes, or efficiencies in energy generation inevitably passes through the stages of Research & Development, Technology Transfer, Commercialization and wide-spread adoption. In order to transition away from the Oil and Gas industries, build a new tax base and new revenues, the state must find alternatives. In-state manufacturing with jobs creation and improvements in the tax base will come about as industries are identified and encouraged that work to solve the climate crisis
The team will continue to look at the findings of the Drawdown Project for candidate solutions and how they may relate to New Mexico. Investments and strategies that lead toward a viable renewable energy economy for New Mexico for a just transition, avoiding economic injustices, can be explored.