Providing safe, reliable and affordable energy has been at the heart of Duke Energy’s mission for more than 100 years. Duke Energy began by harnessing rivers to generate electric power. Today, we use a balanced energy mix including nuclear, natural gas, coal, wind and solar to power the lives of our customers. As we continue to modernize our system and deliver increasingly clean energy, reducing emissions cost-effectively remains an important tenet of our investment strategy.
Reducing greenhouse gas emissions is a global issue and a shared responsibility. For more than a decade, Duke Energy has been planning for an energy future that includes a constraint on carbon dioxide (CO2) emissions to address climate change concerns. We established voluntary CO2 reduction goals in 2010 to benchmark our progress in reducing emissions.
Through our modernization efforts and the retirement of older coal units, we have reduced fleetwide CO2 emissions by 29 percent since 2005.
Duke Energy has also reduced the CO2 intensity of our electric generating fleet by 25 percent since 2005, meaning we are producing more electricity with fewer CO2 emissions.
Looking ahead, we are reaffirming our commitment to a lower-carbon future by updating our goal to reduce CO2 by 40 percent from the 2005 level by 2030. We will continue to advance promising solutions that modernize our energy system, strengthen our economy, protect our environment and leverage innovative technologies. (See related article: “Tomorrow: Investing in a Changing Energy Future.”)