Siemens Energy: Three reasons it’s time to decarbonize Egypt
Jun 02 2021
By Emad Ghaly – Managing Director of Siemens Energy in Egypt
A couple of weeks ago, on Earth Day, I had the pleasure of holding a virtual talk with a group of bright students and professors at the British University in Egypt. We talked about the role decarbonization will play in the energy transition, and how we, at Siemens Energy, are innovating business models and technologies fit to the path of each country we operate in, each at its’ own pace. A topic that I am personally very passionate about!
The genuine curiosity I witnessed throughout the discussion, moved me to jot down my thoughts about a sustainable future that we can all co-create through knowledge sharing and innovations, especially in Egypt, which has already embarked on a set course toward sustainability in the energy sector.
Many claim this year will be different and that we are finally back on track to achieve the net-zero targets set by the Paris Agreement.
The optimism is not completely unfounded. A recent analysis published in the journal ‘Nature’ shows that CO2 emissions decreased daily by 17 percent by April 2020 relative to the mean emissions of 2019. For the first time since the financial crisis in 2010, global CO2 levels had gone down – albeit they went up to record highs the following month. But 2020 was exceptional in all aspects. And unless we plan to take similar drastic measures to balance out emissions, we need to start looking for long-term solutions. Here are my thoughts on why we need to drive decarbonization in Egypt now:
“The only constant is change” has never rung truer. Everything around us is changing, but some changes can have irreversible damage if we don’t act in time. A rapid and deep decarbonization of power systems worldwide is required to limit global warming to well below 2 °C, preferably to 1.5 degrees, compared to pre-industrial levels. Energy and industry account for 78.4 % of global greenhouse gas emissions and to truly tackle climate change, we need to slash carbon emissions in both sectors by mid-century. This change is possible, and it needs to be led by the energy and hydrocarbon industries themselves.
We need to change many things if we want to win our fight against climate change and rescue our planet. Mindsets, behaviors and even beliefs. This is by no means an easy feat and might prove to be our biggest battle.