The country is at a critical point in addressing the important issue of climate change. At Duke Energy, we are taking aggressive action to address this challenge while delivering affordable, reliable, and increasingly clean energy.
The company’s focus on decarbonizing the generation fleet – with a net-zero 2050 goal for carbon emissions – continues as Duke Energy moves away from coal and shifts to more renewables, energy storage and other emerging technologies. In fact, our transition away from coal is the largest in the industry.
The company is deploying significant amounts of renewables – investments which have already proven beneficial and have helped propel North Carolina, Florida and Texas to be top states for renewable energy in the country.
At the same time, natural gas enables the company to accelerate coal retirements while providing the dispatchable resources needed for the integration of renewables as battery storage and other technologies continue to advance.
These efforts have only further boosted the company’s sizable carbon-free energy portfolio, anchored by a nuclear fleet that plays a significant role in maintaining affordability and reliability for millions of customers.
Duke Energy crossed a major milestone in 2020, surpassing 40 percent carbon reduction from electricity generation from 2005 levels. For 2020 and 2021, the pandemic may skew reported results due to reduced energy demand – so there may not be a straight line downward to our interim goal of at least a 50 percent carbon reduction by 2030. But we’re poised to hit more significant milestones in the years to come.
It’s progress like this that gives us confidence as we move forward with our goals of achieving at least a 50 percent reduction in carbon emissions from electricity generation from 2005 levels by 2030, and net-zero by 2050.
Our efforts reflect the support we have for President Biden’s decision to reenter the Paris Agreement.
The following are critical elements for Duke Energy’s path to net-zero carbon:
You can read more about Duke Energy’s strategy to address climate risks and deliver a clean energy future on the company’s Global Climate Change page.