Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

Greenpeace Report Shows a Cheaper, Cleaner Pathway for Duke Energy

Energy
Greenpeace Report Shows a Cheaper, Cleaner Pathway for Duke Energy

Greenpeace USA

Today Greenpeace released Charting the Correction Course: A Clean Energy Pathway for Duke Energy. Using modeling performed by Ventyx, an energy consultancy, the report details how Duke Energy can save their customers $108 billion over 20 years by investing in renewable energy and energy efficiency.

“Jim Rogers claims that Duke is a green utility, but the company continues to invest in dirty coal and deteriorating nuclear plants, all while raising rates for customers. His rhetoric doesn’t match the company’s reality,” said Mike Johnson, report author and senior analyst for Greenpeace.

Under Duke’s current plan, the majority of energy generated in North and South Carolina over the next 20 years will be sourced from 70-year-old coal plants and risky nuclear plants. Additionally, Duke will be expanding its natural gas fleet, thereby doubling the company's exposure to volatile natural gas prices. At the same time Duke Energy will quadruple electricity rates in the Carolinas within ten years, and increase them by nearly 20-fold by 2032 in order to pay for the company’s proposed construction.

The Greenpeace plan highlights specific changes Duke Energy can make to benefit ratepayers, the environment and investors. According to Charting the Correction Course, Duke could source 33 percent of its electricity from wind, solar and efficiency resources while saving ratepayers 57 percent on their bills over the next 20  years. The clean energy pathway proposed in the report would also reduce long-term debt for the company by 75 percent when compared to Duke’s current plans.

“It’s a win, win,” said Johnson. “Duke and their ratepayers save money while pollution is significantly reduced. This means better air quality and ultimately better health. By implementing a clean energy pathway, Duke has a chance to be the leader that Jim Rogers claims to be.”

If Duke took the suggested steps it would reduce its global warming pollution by 29 percent, acid rain pollution by 61 percent and smog-causing pollution by 47 percent. This includes 141 million tons of carbon dioxide, nearly 143,000 tons of sulfur dioxide and more than 114,000 tons of nitrogen oxides.

Visit EcoWatch's COAL and RENEWABLE ENERGY pages for more related news on these topics.

 

Colette Pichon Battle, attorney, founder, and executive director of the Gulf Coast Center for Law & Policy. Colette Pichon Battle

By Karen L. Smith-Janssen

Colette Pichon Battle gave a December 2019 TEDWomen Talk on the stark realities of climate change displacement, and people took notice. The video racked up a million views in about two weeks. The attorney, founder, and executive director of the Gulf Coast Center for Law & Policy (GCCLP) advocates for climate justice in communities of color. Confronted with evidence showing how her own South Louisiana coastal home of Bayou Liberty will be lost to flooding in coming years, the 2019 Obama Fellow dedicates herself to helping others still reeling from the impacts of Katrina face the heavy toll that climate change has taken—and will take—on their lives and homelands. Her work focuses on strengthening multiracial coalitions, advocating for federal, state, and local disaster mitigation measures, and redirecting resources toward Black communities across the Gulf South.

Read More Show Less

EcoWatch Daily Newsletter

A palm tree plantation in Malaysia. Yann Arthus-Bertrand / Getty Images Plus

Between 2000 and 2013, Earth lost an area of undisturbed ecosystems roughly the size of Mexico.

Read More Show Less

Trending

A home burns during the Bobcat Fire in Juniper Hills, California on September 18, 2020. Kyle Grillot / AFP/ Getty Images

By Stuart Braun

"These are not just wildfires, they are climate fires," Jay Inslee, Governor of Washington State, said as he stood amid the charred remains of the town of Malden west of Seattle earlier this month. "This is not an act of God," he added. "This has happened because we have changed the climate of the state of Washington in dramatic ways."

Read More Show Less
A new report from Oxfam found that the wealthiest one percent of the world produced a carbon footprint that was more than double that of the bottom 50 percent of the world. PickPik

A new report from Oxfam found that the wealthiest one percent of the world produced a carbon footprint that was more than double that of the bottom 50 percent of the world, The Guardian reported. The study examined 25 years of carbon dioxide emissions and wealth inequality from 1990 to 2015.

Read More Show Less
The label of one of the recalled thyroid medications. FDA

If you are taking medication for an underactive thyroid, check your prescription.

Read More Show Less

Support Ecowatch