Duke Energy 2007 Annual Report Download - page 15

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DUKE ENERGY 2007 SUMMARY ANNUAL REPORT 13
We are taking actions today to build a sustainable business
that allows our stakeholders and our company to prosper while
balancing environmental, social and economic needs.
We don’t know when federal restrictions on GHG emissions
will be enacted, but we must assume they are coming. Some
believe it is premature to set specific emission-reduction targets.
But without a stake in the ground, we can’t expect to make
meaningful progress. We believe that preparing for a carbon-
constrained world now carries substantially less risk for our
customers and our shareholders than if we wait.
To be ready, we are assessing what it would take to cut our
CO2 emissions in half — approximately 50 million tons — by
2030. By then, we will likely have replaced our oldest coal-fired
power plants with advanced cleaner-coal and other technologies
including nuclear power, natural gas, renewable energy and
energy efficiency.
To achieve that reduction and meet our projected electricity
demand while keeping our prices competitive, a number of
things must happen. These include new technology develop-
ments and workable legislative and regulatory solutions.
We will need new, lower-emitting coal-based generating
technologies so we can continue using coal, our nation’s most
abundant and economical fuel. We will need advanced zero-
emitting nuclear generation. We will need approval of a new
business model to significantly expand energy efficiency.
As we realize our vision, we will be ready to adopt new
technologies and address unexpected challenges that will
surely come along.
“If we are serious about addressing
climate change, we have to be
serious about nuclear power. Nuclear
power plants safely generate more
than 70 percent of all carbon-free
electricity in the United States.
Along with advanced coal, natural
gas, renewable energy and energy
efficiency, nuclear power must
be part of the mix to meet our
need for clean, affordable and
reliable electricity.”
DAVID JONES
Director, Nuclear Policy & Strategy
Duke Energy
Charlotte, N.C.
BUILDING BRIDGES TO A LOW-CARBON FUTURE:
Where we are going