Economy

Duke Energy inking tech pact with China regarding climate change

Duke Energy was set to sign an agreement today in Beijing with China's largest power company, in what is believed to be the first technology-exchange pact between electric utilities of the two countries.

Charlotte-based Duke, the third-largest U.S. utility, was to sign a one-year memorandum of understanding with China Huaneng Group, which produces 10 percent of that nation's coal-dependent electricity.

Under the agreement, Duke and Huaneng will begin a series of meetings to exchange information and explore long-term initiatives to reduce coal-plant emissions that contribute to climate change. They will also work on wind, solar and other forms of renewable energy.

The United States and China are the world's leading sources of carbon dioxide emissions, together equaling nearly half the global releases of the greenhouse gas.

Read the complete story at charlotteobserver.com

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