climate policy Beyond its own measures and activities, Siemens AG is a part of committees and associations where it advocates further changes in the overall conditions of climate policy with an eye to supporting the following aspects: → Harnessing energy as efficiently as possible → Increasing the proportion of renewable energy and accelerating the shift from conventional energy generation to low-carbon fuels → Redesigning energy markets to ensure adequate investment in sustainable, reliable, and efficient energy systems → Speeding up efforts to incorporate highly flexible technologies to integrate renewable energies and ensure system stability at the same time → Accelerating decarbonization in other sectors through sector coupling, including power-to-X technologies Siemens believes carbon pricing is inevitable.