NC H720

Establishes a state goal for North Carolina to generate 100% of total retail electricity sales from renewable energy resources by December 31, 2050

Requires the State Energy Office to develop a plan to achieve the clean energy goal in consultation with the North Carolina Public Utilities Commission and Public Staff

Plan must be submitted to the 2024 Regular Session of the General Assembly upon its convening

Cites climate change impacts including increased global temperatures, extreme weather events, and economic costs, with Hurricane Florence's $17 billion damage to North Carolina as a specific example

References North Carolina's existing renewable energy capacity including fourth-place ranking nationally in installed solar capacity exceeding 8,147 megawatts and more offshore wind potential than any Atlantic state