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North Carolina lawmakers finalize bill that would scrap 2030 carbon reduction goal

  • On June 20, 2025, North Carolina legislators approved Senate Bill 266, a measure aimed at lowering energy costs by adjusting state climate goals and utility funding methods, and the legislation now awaits action from Governor Josh Stein.
  • The bill removes the interim 2030 goal of reducing carbon emissions by 70% from 2005 levels, while maintaining the state's net-zero emissions target by 2050 amidst debates on energy costs and policy flexibility.
  • Supporters argue SB 266 offers more consumer protections than similar laws, allows utilities to recover imprudent costs under a high legal standard, and encourages Duke Energy to favor shorter lead-time projects over longer ones like nuclear power.
  • Projections estimate the bill could save around $13 billion by eliminating the 2030 target, with an example showing a $10 billion utility project might save nearly $500 million in interest costs, though opponents question these figures and raise concerns about rising fuel prices.
  • If signed, the bill would allow more rate-setting flexibility for utilities but also sustain concerns that risks and costs of large projects could be passed to residential ratepayers, highlighting tensions in energy policy and economic impacts.
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North Carolina lawmakers finalize bill that would scrap 2030 carbon reduction goal

North Carolina legislators have finalized a bill that would eliminate an interim greenhouse gas reduction mandate set in a landmark 2021 law.

·United States
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The Business Journal broke the news in on Thursday, June 19, 2025.
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