New Electrification Competitiveness Index Ranks China as Global Leader Amidst US and European Implementation Challenges
A new analysis by the We Mean Business coalition, supported by RMI, has released an electrification competitiveness index evaluating 16 countries. The report finds that China leads globally due to coordinated grid investments and robust industrial policies, placing it in a 'Solid Base' category alongside France and Spain. These nations benefit from competitive electricity pricing relative to gas. In contrast, several major economies face significant hurdles. The United States is categorized under 'Stagnation Risk' as federal policy shifts and massive grid bottlenecks—with over 2 TW of capacity awaiting interconnection—threaten momentum. Meanwhile, countries like the UK and Germany show high policy potential but suffer from implementation gaps and grid connection delays, respectively.
Topics: clean energy transition electrification competitiveness index energy policy global economy