The climate transition demands ‘a massive change in infrastructure’: Duke Energy CEO

Duke Energy CEO Lynn Good joins 'Influencers with Andy Serwer' to discuss the latest advancements in clean energy technology.

Video Transcript

- I want to switch gears a little bit and ask about President Biden's infrastructure proposal, the $2 trillion infrastructure proposal. What do you think about that? And how does an energy company like Duke fit in to the thinking there?

LYNN GOOD: You know, Bill, it's very related to what we've just been talking about. Because when I think about all of the work we're doing around climate, what it really means to Duke Energy is a massive change in infrastructure. It is retirement of existing assets, and it's bringing in new assets.

And it's, you know, investing in the grid for reliability and the ability to incorporate all these renewables. It's making EV infrastructure available for customers as electrification becomes a part of the equation. So I think of infrastructure as something as a private capital company we are anxious to invest in. Certainly, public policy can support that.

And I think, as I understand, some of the things that are being discussed on this infrastructure bill-- incentives for renewable energy, investment in research and development, permitting reform, potentially, to make infrastructure a little easier to accomplish in a timely way. So we are engaged in the conversation, looking for whether or not there's any alignment around what the president is trying to achieve and what we're trying to achieve with the infrastructure bill to achieve our climate goals.