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Striving for Continued Progress

Join us as we reduce reliance on coal, leverage cleaner natural gas energy and expand renewables on our system.

In 2018, Duke Energy continued to invest in sustainable energy measures in multiple ways:

  • Modernizing the energy grid. The company is investing $25 billion between 2017 and 2026 to create a smarter energy grid that will accommodate additional renewable energy and improve system performance in many aspects – customer control and convenience, security and service reliability. 
  • Generating cleaner energy. The company continues to make significant progress in reducing its environmental footprint – reducing carbon dioxide emissions by closing coal-fired power plants and investing $11 billion between 2017 and 2026 in cleaner natural gas-fired power plants, solar energy and other renewable generation sources.
Back in 2005, coal accounted for 58% of the power the company produced. Fast forward to 2018, coal was only 33% of the total generation and over 38% of the power produced was from zero carbon sources. Carbon dioxide (CO2) emissions are down 31% 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% 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% 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.