In the first of an exclusive nine-part series, Karim Amin , Executive Vice-President of Generation at Siemens Energy, spotlights the key factors for reaching a net-zero economy by mid-century. These are decisive times for the energy sector as the world tackles climate change with a growing sense of urgency. The COP26 summit in Glasgow produced a first climate resolution committed to reducing coal use. With considerable ambition, this document aims to clearly define the direction the world is headed. The energy sector’s contribution to this path will be crucial. Why? Today, the primary source (40%) of global CO2 emissions stems from power generation, with industry and transport each contributing 23% and buildings 10%.
And given high CO2 emissions per capita as well as in total, major players need to act, be it the US, China, the European Union or Russia. Yet, while determined to reduce coal-fired power generation, we continue to face challenges concerning renewable energy sources. Supply fluctuates and the system needs to be functional even when the sun doesn’t shine, and the wind doesn’t blow. Revolutionary transformation In short, we need a new energy system that won’t only lower emissions to net zero, but also ensure supply, stability, and affordability at the same time. To reach these goals, […]
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Image: Siemens Energy
