Decarbonization is a critical transition that is affecting all businesses in the C&I space and is reshaping the foundations of the energy industry. A key driver of this transition is policy, spearheaded on a global scale by the Paris Agreement. In parallel to this, two other pillars transforming the energy landscape, decentralisation and digitalisation, are significant enablers of decarbonisation, making it more technically feasible than ever before. These technical developments are helping overcome some of the challenges of decarbonisation and are expanding the opportunities for optimisation and new business models.
Siemens is well-placed to help its customers with their decarbonisation goals, due to its coverage of the complete energy cycle from sustainable power generation over low loss power transmission to intelligent distribution and storage and efficient energy use, especially in C&I. Siemens is also implementing its own decarbonisation strategy with a commitment to be carbon-neutral by 2030 and reduce its CO₂ footprint by 50% in 2020.