Duke Energy is excited about the transformation underway in the industry and is committed to meeting the expectations of our customers – now and into the future.
For more than 10 years, Duke Energy has been planning for a lower-carbon future, investing in innovative technologies to modernize and diversify our system, and executing on our strategy to deliver greater value and cleaner energy for customers.
Back in 2005, coal accounted for 58 percent of the power the company produced. Fast forward to 2017, coal was only 33 percent of the total generation and over 38 percent of the power produced was from zero carbon sources.
Carbon dioxide (CO2) emissions are down 31 percent since 2005, and the company has set our sights on even greater progress. By 2030, only one-fifth of the power Duke Energy produces will be from coal, and 80 percent of the energy produced will be from zero- and lower-CO2 emissions sources.
Duke Energy has set an ambitious goal to reduce total CO2 emissions 40 percent by 2030, compared to 2005 levels, which is consistent with a pathway to achieve a science-based climate target.
Reducing reliance on coal, leveraging cleaner natural gas energy and expanding renewables on our system is part of our long-term investment strategy to continue to drive carbon out of our system. As we have done for over a decade, we’ll consider CO2 emissions in our investment planning and focus on finding ways to quickly deploy emerging technologies into our portfolio.
You can read more in the company’s Climate Report.