The ‘new joule order’ is here. The west is last to realise
Financial Times 2026-06-11 15:03:11
Context: The article discusses the shift towards electrification in the global energy landscape, with a focus on China's significant investments in this area. The author argues that the West is lagging behind in this transition, and that China's actions will have far-reaching consequences. The article highlights the importance of electrification as a key factor in the global energy mix.
Key Facts
- China has made the largest purchase of optionality in history by investing heavily in electrification, which is the process of converting energy from one form to another, often from fossil fuels to electricity. This move is in line with China's stated goal of becoming a global leader in clean energy and reducing its reliance on fossil fuels. The country's investments in electrification are expected to have a significant