With interruption in oil supply, #China Is Wiring the Globe’s Clean Energy Future
No matter the outcome of the conflict between the United States and Iran, China will be better off in the postwar world order due to its global leadership not only in renewable energy and batteries, but also electrical infrastructure and energy innovation.
The blockage of the Strait of Hormuz has thrown many nations dependent on Middle East oil and liquefied natural gas (LNG) into crisis. Beyond immediate measures to reduce energy consumption, the Iran war is now causing these countries to accelerate longer-term plans to build out solar and wind power, install batteries to balance their grids, and expand the role of electric vehicles (EVs).
China is the clear winner. The country dominates all three industries and was already promoting them aggressively in export markets before the war. But this major advantage is only part of the postwar story. Beijing is also winning in other manufacturing sectors and electrical infrastructure writ large, and it is positioning itself to win the next generation of energy technologies. China’s progress may be good for the global climate, but as each day of hostilities passes and energy demands grow, it deepens the United States’ long-run geoeconomic challenge.
Read more at: Council on Foreign Relations
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