Duke Energy continues to build an energy future that is cleaner, smarter and more resilient. Duke Energy recognizes the long-term challenge that climate change presents, and that reducing carbon dioxide (CO2) emissions is a benchmark in addressing this global challenge.
The company is at the forefront of the transformation underway in the industry. It is expanding renewable generation, transitioning our generation fleet from coal to natural gas and modernizing the grid to support new technologies. It has reduced its CO2 emissions by 31 percent compared to 2005 levels, outpacing the industry average of 28 percent, and plans to reach a 40 percent reduction by 2030.
The investments Duke Energy has made to retire less efficient coal- and oil-fired power plants, build highly efficient natural gas generation, expand its portfolio of renewables, and support its zero-CO2 emissions hydropower and nuclear plants have diversified the company’s system and significantly reduced CO2 emissions.
Duke Energy’s dedication to the facts, the science and a balanced generation portfolio helped it to achieve its 2018 emissions milestone, and positions the company for further reductions. Along with significant coal unit retirements over recent years, the company has saved over a million homes-worth of energy through efficiency programs, dedicated $11 billion to cleaner energy capacity, and maintained its existing nuclear generation, among other achievements detailed in this report.
Reducing CO2 emissions is only part of Duke Energy’s commitment to a cleaner energy future. Duke Energy has a responsibility to take a comprehensive approach to reducing its environmental footprint, and has made significant progress across a number of areas, including reducing sulfur dioxide emissions by 96 percent from 2005 levels, to using municipal reclaimed water in energy generation in Florida.