Electrostate
From Wikipedia, the free encyclopedia
An electrostate is a polity that uses electricity as the primary source of energy for its economy, rather than fossil fuels. It commands renewable energy supply chains for critical minerals such as lithium, cobalt, nickel, and rare earths, develops renewable technologies such as solar, batteries, and electric vehicles, and supports the widespread deployment of these technologies.[1][2] As a neologism, the exact definition is still under debate, with some sources distinguishing between producer electrostates and consumer electrostates.[3]
China is widely identified as the first electrostate, both producing and consuming vast amounts of renewable technologies and energy, effectively replacing the "petrostate" model with an electron-driven geopolitical, financial, and industrial economy.[4][5][6]
Other nations are also building the foundations for electrostate status through green energy expansion, importing renewable technologies for deployment, or attempting to build up manufacturing capacity themselves.[3][7]
Countries may transition to an electrostate model for reasons such as environmental protection, additional energy capacity, economic benefits, energy security, and energy independence, to avoid negative impacts from fossil fuel markets or geopolitical pressure from fossil fuel producers.[8][9] The proliferation of electrotech also has economic and geopolitical impact. It could weaken petrostates' trading power and their global influence. As the world becomes more electrified, the electrostates will be embedded into the national economies of various market, especially developing countries, offering an alternative to the current global energy structure.[10][11][12]