The rising costs of extreme weather events, driven by climate change, are a growing concern for the United States. According to the National Oceanic and Atmospheric Administration, since 1980, the country has faced over $2.6 trillion in climate-related disasters. In New Mexico alone, state-funded emergency response costs exceeded $150 million in 2024 through executive orders.

In response to these challenges, the Community Benefit Fund (CBF) aims to support community-led projects that focus on reducing pollution, increasing access to clean energy, and improving infrastructure. These initiatives are designed to help towns and cities become more resilient against extreme weather conditions.

Victoria Alarcon Macias from the Semilla Project emphasized the significance of this initiative: “This bill is more than just a climate initiative—it is a blueprint for future-proofing our state’s economy by creating meaningful job opportunities.” She highlighted that prioritizing such investments can lead to a stronger and more sustainable economy while equipping future generations with essential skills for the clean energy transition.

The Clear Horizons Act, along with its companion bills—the Community Benefit Fund and the Innovation in Government Act—aims to establish a comprehensive policy framework for sustainability in New Mexico. These legislative measures are intended to ensure that New Mexico invests proactively in solutions rather than bearing higher costs due to inaction.

Senator Stewart noted the financial burden of natural disaster responses: “We’re already spending hundreds of millions each year responding to natural disasters. The Community Benefit Fund is a proactive approach—helping New Mexicans prepare before the next crisis strikes.”

Senate Bill 48 recently passed through the Senate Finance Committee with a 7-4 party line vote. Following this approval, it will now move forward to be considered by the full Senate.

For further details on these initiatives, interested parties can visit www.clearhorizonsnm.org.