Posted October 27, 2018 11:24:36 Duke Energy has released a statement in response to a question about its new carbon price policy.
The company says it has no plans to implement its policy on a regional basis, but that it will consider any proposal for doing so.
“We will take all proposals for a regional carbon pricing regime seriously and consider them when considering any new proposals for regional carbon prices,” the company said in the statement.
Duke Energy’s statement on its new policy: “Duke will evaluate any proposed regional carbon price regime in a manner that respects the value of the energy market and the benefits it will deliver for local communities, families and businesses.
We will also work closely with our local communities and stakeholders to ensure that any regional carbon regime will ensure the best value for the community.”
Why the change in policy is important to you?
The company says its carbon pricing strategy will ensure it maintains a high level of profitability.
However, the company says that it is concerned that its policy will not ensure that it remains competitive in a market that has been highly competitive in recent years.
It says the new policy will “put more pressure on our current business model to meet increased market pressures” and is not in the best interests of the company.
The carbon pricing announcement comes as Australia faces the most serious challenge to its carbon trading system in a generation.
On Tuesday, the Federal Government announced that the price of carbon would rise by 2 per cent in 2017, to $28 a tonne.
The price will rise to $30 a tonie by 2020.
But the Government is now also expected to impose a cap-and-trade scheme that would allow the government to buy carbon from the market to meet its climate change targets.
The new policy would also require the Government to sell carbon credits, which would have to be traded for fossil fuels.
Australia’s carbon pricing scheme is expected to bring in more than $5 billion a year, but has been criticised for not providing any incentive for carbon-intensive industries.
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