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Over the past two years, I have had the great honor of representing Duke Energy at the annual United Nations Climate Change Conference, commonly referred to as the Conference of the Parties (COP). At Duke Energy, we have made great strides in providing increasingly clean, affordable and reliable energy that our customers and communities trust. As Duke Energy, engage meaningfully with local, state, national and international stakeholders on climate policy and necessary technological solutions as we continue our journey to clean energy transition and net zero emissions is important.
Last year at COP26 in Glasgow, we had the opportunity to listen and learn about the importance of business community engagement and action in enabling a clean energy future. It was especially thought-provoking to spend time learning about what other sectors and countries are facing in the process of decarbonisation. This year at COP27 in Sharm el-Sheikh, Egypt, I took a more active part in the discussion and asked national policy makers and key I got the chance to share with the staff. in climate policy debates.
Many of the key discussions of the conference at COP27 concerned the commitment to finance climate adaptation in developed countries and compensation for loss and damage in developing countries. But COP27 also focused on the role of the private sector in realizing the ambitions of the Paris Agreement.
Given the clean energy policies of the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), it is clear that the U.S. private sector will play a major role in reducing emissions and working toward national goals. I had high expectations. Achieving climate goals.
We had the opportunity to share how the IIJA and IRA can help Duke Energy achieve its goals with a variety of stakeholders, including bipartisan policymakers, major clients, leading non-governmental organizations and environmental groups. We were also able to highlight the need for an affordable and reliable zero-carbon transition for our customers, as well as the importance of environmental justice and the need for a just transition during the company’s transformation.
IIJA provides significant investments to enable Duke Energy’s clean energy transition by accelerating the development of clean energy technologies such as hydrogen, long-term energy storage, carbon capture and advanced nuclear power. It also encourages and prioritizes substantive community involvement, while providing a significant down payment for the infrastructure and incentives needed to electrify transport and secure the grid.
The IRA’s climate and energy provisions offer customers a more affordable transition to cleaner energy. For example, nuclear and renewable energy tax credits can result in significant cost savings for our customers. In fact, we see this legislation as an opportunity to help offset the cost pressures our customers are feeling.
We recognize that the transition to clean energy will bring important benefits to our communities, including employment and economic development opportunities. Duke Energy’s $145 billion investment in critical energy infrastructure planned over the next decade will not only provide economic development and workforce opportunities, but also tax revenues for critical government services in the region. We provide a significant portion of the areas we serve.
One of my favorite memories from COP27 was participating in a panel discussion organized by The Nature Conservancy at the Nature Pavilion. Government and civil society representatives also attended. I currently work in the power sector, but he has spent more than a decade advising and developing energy policy for the Capitol. At the Capitol he was honored to share with my fellow panelists, one of his chief staffers leading the passage of the IIJA and IRA. For the better when it comes to climate change. There is no doubt that we all need to come together to solve this shared and urgent problem. It is very important to get policies right, as they can have a significant impact on our future.
As one of the largest U.S. utilities, Duke Energy recognizes the importance of participating in the global policy dialogue to help sustain the ambitious yet responsible pace of change. increase. Our planned migration balances today’s technology with tomorrow’s innovation to reduce our carbon footprint while maintaining affordability and reliability for our customers and communities.
I look forward to continuing our climate conversations. I look forward to learning and sharing more about our journey at his COP28 in 2023.
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duke energy
duke energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the United States. With 30,000 employees, he has a capacity of 51,000 MW through regulated utilities and 3,000 MW through power companies. Unregulated Duke Energy Renewables units.
Duke Energy transforms the customer experience, modernizes the energy grid, produces cleaner energy, expands natural gas infrastructure and enables smarter energy for the people and communities they serve. creating the future. Regulated Electric Utilities and Infrastructure Division Utilities serves approximately 7.7 million retail electric customers in his six states of North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure division supplies natural gas to more than 1.6 million customers in his five states of North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Duke Energy Renewables Unit operates wind and solar facilities across the United States, as well as energy storage and microgrid projects.
Duke Energy has been named to Fortune magazine’s 2019 “World’s Most Admired Companies” list and Forbes magazine’s 2019 “America’s Best Employers” list. For more information about the company, please visit duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos, and other materials. Duke Energy’s illuminations feature stories about people, innovation, community topics and environmental issues.
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