US returns to climate change agreement

The world's second-largest issuer set goals

Philadelphia / 19 February 2021

Signed by 196 nations in 2016, the Paris Climate Agreement rallies the international community around a collective goal of holding global warming to less than 2°C compared to pre-industrial levels, with a target of no more than 1.5°C. On President Biden’s first day in office, he signed an Executive Order to bring the United States into this international climate community once more, and the 30-day re-entry period is now complete.
Head of Government Affairs North America

A matter of degrees
What does it mean when the climate warms by 2°C? According to the Carbon Brief, 34% of the world’s population will experience severe heatwaves at least once every five years. Flood losses due to an expected sea level rise of 56 cm will cost $11.7 trillion annually. Oceanic currents in the Atlantic that drive weather patterns in Europe and North America will weaken by 34%, leading to stretches of stagnant weather systems to produce prolonged droughts, heat waves and flooding rains. 
Collective goal of keeping global warming below 2 °C

Droughts will drag on for four months longer and expose 388 million more people to water scarcity.
It is clear that the stakes we are facing could not possibly be higher, and 2°C is not good enough. Reducing global warming by just half of one degree is the difference between a world with coral reefs (albeit still under great distress) and one where they no longer exist. It also means more than a 20 percent reduction in global population exposed to severe heatwaves as well as extreme rainfall events and more than 100 million people would be protected from water scarcity.

Our planet has already seen the effects of one degree of warming from pre-industrial levels, and the Intergovernmental Panel on Climate Change estimates that global emissions must be cut by 49% of 2017 levels by 2030, and achieve net-zero carbon emissions by 2050, to hold warming to 1.5°C. This ambitious goal however, is not beyond us, and the United States, as the world’s second largest greenhouse gas emitter, must play a key role in preventing global climate catastrophe.
We make real what matters – clean energy for generations to come

Siemens Gamesa sits squarely at the center of this energy revolution. The energy sector represents 73% of global greenhouse gas emissions, which includes electricity, transportation, manufacturing and other fuel-related activities. Siemens Gamesa’s installed fleet of over 100 GW of wind turbines avoid over 260 million tons of CO2 emissions annually, which is the equivalent of taking more than 50 million vehicles off the road.


Siemens Gamesa is at the centre of this energy revolution

Our commitment to being part of the climate solution extends beyond our clean energy products – Siemens Gamesa achieved carbon neutrality in its operations in 2019, a full 6 years before its goal. Looking ahead, we will now focus our attention to reducing the carbon footprint of our indirect supply chain and continue to develop innovative solutions for the circular economy.

Pioneers on a new frontier
Innovation at Siemens Gamesa doesn’t stop with our turbines. As the movement to a carbon-free future has gained unstoppable momentum, we are working alongside our customers and partners to develop new solutions. From cutting-edge energy storage to green hydrogen for the transportation and industrial needs of our global economy, we have pioneered wind and maintained our leadership position as technological trendsetters at the forefront of the industry 40 years. We will continue to meet that challenge in new ways.
The urgency of bold climate action becomes clearer every day

The International Finance Corporation estimates that meeting the challenge of the Paris Climate Agreement will stimulate $23 trillion in new investments. In 2021, $7 trillion hedge fund BlackRock will make climate change central to its investment strategy, and General Motors, the largest producer of light vehicles in the U.S., has announced that it will produce only electric vehicles by 2035.

We are not afraid of game-changing developments or big challenges because we like being pushed. Our days are never the same and neither is our view on “what’s possible” from one year to the next. 

We tackle the world’s biggest green energy challenges because for us, there is no other way. It’s what’s next.

As economies emerge from a year ravaged by the global pandemic, and the urgency of bold climate action becomes clearer every day, President Biden’s decisive action on climate change stands as a beacon for sustainable growth. We must come out of this crisis “greener” and with strong prospects for the future – wind power is one of the key levers in achieving this and getting the global economy back on track.


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