We Mean Business Coalition Index Names Rising 'Electrostates' in Global Economy
A new Electrification Competitiveness Index finds China pulling ahead on electrification while the US doubles down on oil and gas.
What to know
- A new Electrification Competitiveness Index from the We Mean Business Coalition scores 16 economies on electrification deployment versus supporting policy conditions.
- China leads on deployment, manufacturing over 80% of global battery cells, while the US expands domestic oil and gas instead of electrifying.
- Across the 16 economies, policy readiness (median 67%) is running well ahead of actual market deployment (median 45%), suggesting a lag between ambition and execution.
- Europe, France and Canada have set aggressive electrification targets, but high industrial electricity costs and grid constraints in Britain and Germany slow progress toward becoming an 'electro-continent'.
“Europe wants to become the world's first " electro-continent ."”
Jan Rosenow and Maria Mendiluce, Co-authors, Time op-ed · Time ↗ · Oct 26
Jan Rosenow Co-author of the Time analysisMaria Mendiluce Co-author of the Time analysisWe Mean Business Coalition Publisher of the Electrification Competitiveness IndexChina Subject of analysis — electrification leaderUnited States Subject of analysis — fossil fuel strategyEuropean Union Subject of analysis — electro-continent ambition
How it unfolded 1 development · click the chart to see its coverage articlesposts
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“These decisions will define which countries emerge as electrostates, with the power to shape and control future economies.”
— Jan Rosenow and Maria Mendiluce -
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Recommended read: Researchers wrote in Time about how the “rise of electrostates could redraw the global economy”.
2 more of the top 3 · 9 posts in this stretch
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Why do people keep assuming that we are in a transition ? We're not, at best some countries managed to offset some of their carbon emissions by de-industrialization elsewhere. Even Norway is heavily dependent on imports to maintain their infrastructures, with the pieces and materials being mined elsewhere with diesel heavy machines. Also, we're…
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Norway has been doing the same for about 100 years - nitrogen fertilizer with the Birkeland process and then aluminium smelting was and is quite important industries. The aluminium was effectively electricity export, and was selected because transmission lines had to be short and population in our main power producing regions were scarce - so an…
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background
Strait of Hormuz shipping disruption exposes import risk — Shipping through the Strait of Hormuz halted in March, reminding energy-importing countries that buying energy as fuel cargo by cargo also means importing every price shock — a vulnerability the authors say is driving renewed interest in electrification.
Also covered reported alongside — the timeline has no entry for these yet
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first by Mastodon, 12d ago · also Time
What people are saying 6 voices from 1 site · best of 9 · verbatim
- Nov 5
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Success, as in they produce huge volumes, with really thin margins. Good for everyone.
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The way to invest is to spray and pray to select promising industries, same as with venture capital, not surprising they had many failures, as long as the success more than offsets it
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if there was no US the amount of coal fired plants since 2000 alone would be 0.1C warming+. this is absurd to look at when we are talking about the future.
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Leave idealism away. China betted on many technologies before, and failed spectacularly. Chinas Green Tech is in international demand, hence it grows at rapid pace.
- Nov 3
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Sorry to come off so hostile. I mean we have no idea to what degree the decision was strategic vs. altruistic. But over a long enough time frame they become the same anyway.
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The proof of the pudding is in the taste. If a state can legitimately bring down power prices by electrifying, they should have an economic advantage in manufacturing energy intensive exports of all sorts. It looks like China is heading in that direction with the most convincing posture.