House Joint Memorial 4 requests the New Mexico Institute of Mining and Technology to conduct a study on the benefits and costs associated with direct air capture technology. The resolution emphasizes the importance of removing carbon dioxide from the atmosphere as a critical step towards achieving net-zero and eventually net-negative greenhouse gas emissions. It highlights the potential economic benefits of developing this technology in New Mexico, including job creation in various sectors and increased tax revenue.

The memorial specifically instructs the Institute to make recommendations for necessary statutory and rule changes to support the growth of the direct air capture industry in the state. Additionally, it mandates that the findings and recommendations be reported to the appropriate interim committee focused on natural resources, ensuring that the state can effectively address the climate crisis while fostering economic development.