Adam Tooze: Electrostates, Petrostates and the New Cold War

Adam Tooze's lecture explores the perplexing dynamics of the global energy transition, questioning whether it represents a common journey or a new Cold War divide. He contrasts the electrostate (exemplified by China's rapid electrification and greening) with the petrostate (the United States, grappling with fossil fuel interests and internal divisions). Tooze analyzes Europe's green modernization project, highlighting its initial success but subsequent struggles due to geopolitical factors and a failure to address power dynamics. He further examines America's complex relationship with green energy, marked by repeated backlashes and the transformative impact of fracking. The lecture concludes by urging a constructive approach that acknowledges China's central role and leverages Western expertise to promote openness and negotiation in the global energy landscape.