Global climate change The overarching issue in the power industry today is how to address global climate change and demand growth while maintaining a secure electric supply, reliable service and affordable rates. According to the U.S. Environmental Protection Agency (EPA), the U.S. electric power and transportation sectors are responsible for approximately 33 percent and 28 percent, respectively, of the nation’s total greenhouse gas emissions. The electric industry’s emissions are primarily created by the combustion of fossil fuels. The national debate on climate change has now shifted from science to politics, economics and consumer impact – from whether we need to act to what we need to enact. We are preparing for a carbon-constrained future and to engage actively in helping shape effective policies to address the issue.
While state-level climate change policy activity is occurring in the Carolinas and Florida, we continue to believe that this issue requires a national policy framework – one that is focused on achieving the greatest reduction in greenhouse gas emissions at the lowest cost to the consumer. Well-designed federal legislation can ensure research and development of necessary technologies to tackle the issue and secure cost-effective greenhouse gas emission reductions. We are working to develop consensus-based strategies with policymakers and stakeholders to effectively address the challenges and opportunities associated with global climate change.
For in-depth information about our global climate change position, strategies and actions, please read our Global Climate Change Report to Shareholders. This report can be found at this link.
Progress Energy voluntarily joined The Climate Registry as a founding reporter in 2008 and is committed to providing detailed information regarding all major greenhouse gas emissions from the company’s operations.
