Sept. 13 -- Duke Energy Corp. has pledged $2.5 million to Duke
University to support a new industry-university collaboration to address
global climate change.
The Climate Change Policy Partnership will pool expertise from the
university and the company, along with other corporate and academic
partners in the southeast, said Richard H. Brodhead, Duke University
president.
Researchers will assess environmental and economic costs of possible
federal policies for reducing greenhouse gases. The policies include
cap-and-trade programs and a nationwide tax on the carbon content of
fossil fuels. They also will look at the potential of carbon
sequestration.
"We are eager for other partners to join us in this endeavor,
particularly those involved in agriculture, forest products, energy and
transportation," said Richard J. Osborne, group vice president of public
and regulatory policy at Duke Energy. "A viable policy to address global
climate change must encourage reduced carbon emissions from all sources
and segments of our economy, not just a few."