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Opinion / #electrification
While there is no single prescription for energy security, strengthening 'response capacity,' such as by establishing stockpiles, substituting sources, and diversifying suppliers, is essential. The point is not to eliminate vulnerabilities altogether, but to ensure that there are options when disruption arrives.
China’s experience shows that renewable generation, grid investment and flexible business demand must develop together for electrification to deliver economic value.
Electric vehicles can reduce pollution and emissions. But underlying issues of preserving car dependence, displacing environmental harm and workers bearing the costs of a clean future need to be addressed.
The war in the Gulf has unleashed powerful market forces that the rest of the world can harness to accelerate electrification and keep the Paris climate agreement's primary objectives on track. Doing so will not only mitigate climate change, but also strengthen economic resilience worldwide.
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