We must strike the right balance, says CEO at WEC Congress
The power sector needs to juggle reliability, sustainability and affordability, says Dr Suess
Dr Michael Suess, a member of Siemens board, and chief executive of Siemens’ Energy Sector, talks to WEC Congress News How are we going to decarbonise? Global power demand is set to rise by more than half of its current level between now and 2030. If new power plants are added along familiar lines as in the past, associated carbon dioxide (CO2) emissions are likely to increase by a quarter. This development could be curbed if coal-fired power plants were replaced on a wide scale with gas-fuelled power plants by 2030. In that case, CO2 emissions in the power sector would even drop by 5% compared to today’s levels. Of course, this should only be done where it makes economic sense and with the
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
