Fourth Quarter 2023 Earnings Review and Business Update
Significantly reducing Scope 1 emissions from electricity generation
Removed 67 million metric tons of annual CO2 emissions from electric generation since 2005, equivalent to
taking nearly 15 million fossil-fueled vehicles off the road
Emissions from electric generation
CO2 Emissions (metric tons) and Emission Intensity (metric tons/net MWh)
Million Metric Tons
150
125
100
75
50
50
25
2005 2018 2019 2020
2021
2022
2023
Emissions (Left Axis)
0.75
0.50
0.25
Emission Intensity (Right Axis)
Metric Tons / net MWh
CO₂ emissions
CO2 emissions declined from
139 million metric tons in 2005 to
72 million metric tons in 2023
CO2 emissions declined 48%
since 2005
■ On track to achieve reductions of
at least 50% by 2030 and 80%
by 2040
Emission intensity
0.35 metric tons per net MWh in
2022
■ 40% reduction in CO2 intensity
since 2005
DUKE
ENERGY.
FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
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