2021 & 2022 Will Be Critical Years for Energy's Future: Duke Energy CEO

The video discusses the transition of the US energy mix from coal and natural gas to renewables like solar and wind. Duke Energy, the largest electric utility in the US, aims for net zero carbon emissions by 2050. The company explores scenarios for achieving a 70% carbon reduction, including offshore wind and modular reactors. Duke Energy's decision-making process involves regulatory feedback and stakeholder engagement. The video also addresses the challenge of balancing environmental goals with customer affordability, emphasizing the need for cost-effective solutions.

What is the primary goal of Duke Energy by 2050?

• Reduce customer base

• Increase coal usage

• Achieve net zero carbon emissions

• Expand nuclear power

How might the transition to renewable energy affect customer bills according to Duke Energy's scenarios?

• Increase by $100 to $200

• Increase by $21 to $58

• Decrease by $10 to $20

• Remain the same

Which technology is Duke Energy considering for a 70% carbon reduction?

• Biomass energy

• Geothermal energy

• Offshore wind and small modular reactors

• Hydroelectric power

What is a key challenge mentioned in transitioning to renewable energy?

• Overabundance of resources

• Lack of technology

• Customer affordability

• Excessive government support

What is the expected annual increase in energy prices with the lowest cost option?

• 1%

• 5%

• 10%

• 15%