Editorial “ Sustainable energy transitions can only succeed Dear Reader, Truly sustainable energy transitions throughout the world can succeed only when the respective national economy can in fact afford the changes or when less-industrialized countries are supported in their efforts. In this spirit, Germany has already announced that it would be doubling its contributions for international climate protection measures by 2020. Later this year, the follow-up ­treaty to the Kyoto Protocol is to be signed, pre­senting binding climate goals for all 194 member states of the UN Framework Convention on ­Climate Change. In view of these developments, the interview with Amory B. Lovins, Cofounder and Chief ­Scientist of the Rocky Mountain Institute, is especially relevant. During his over 40 years of advising companies and governments to pursue energy efficiency and renewable energy solutions, Lovins has focused on the most efficient possibilities for making energy systems more sustainable. In the interview, he speaks of the disruptive force of renewables and how they are changing business models and creating business opportunities – not only for power plant operators and end customers, but also for other system participants in a smart energy system. A second topic in this issue focuses on discussions regarding the current global trend in oil pricing. Developments here are obviously having an when the countries in question can afford the changes or are supported in their Photos: ­Siemens efforts.” impact on suppliers to the oil and gas industry, like Siemens. We continue to believe the slump in oil prices is output-driven, rather than a question of structural demand. And until oil prices and production bounce back in the midterm, we will work closely with our customers to bridge the dry spell and explore new ways of serving the industry. Our special feature in this issue looks at ways in which new technologies and comprehensive solutions can lower CAPEX and OPEX over the long term so one can continue to operate successfully even under changed market conditions. Also in this issue, we’re taking a closer look at Japan. The devastating earthquake and subsequent tsunami in March 2011 struck a fatal blow to the Fukushima nuclear power plant and led to a massive reevaluation of national energy policy in the world’s third-largest producer of nuclear power. This April, the Japanese government announced its recommendations for the country’s energy mix in 2030: One quarter will remain based on nuclear power, one quarter will be provided by renewables, and the remaining half will depend on highly efficient fossil power plants. This decision is once again proof of how energy transitions can differ worldwide. We wish you an enjoyable read! Siemens Managing Board Members Lisa Davis and Roland Busch Living Energy · No. 12 | July 2015 3