It’s not hard to look around America today and see signs of decay, corruption and decline. I thought of this yesterday when I saw this Semafor article on Egypt’s ambitious push to transition its electrical grid to renewables. The gist is that Egypt is trying to move from getting 10% to 45% of it electricity from renewables in two years. That’s a mind-bogglingly ambitious goal. But it’s not based on ideology or high-minded goals about limiting climate change or the situation you have in the U.S. where renewables — wind and solar — are somehow considered “woke.” Egypt doesn’t have that luxury, notwithstanding being geo-politically aligned with the major fossil fuel exporters. Fossil fuels are not only pricey, they make especially developing economies vulnerable to constant price shocks, whether it’s the Ukraine War, Iran War or the inflation spike coming out of COVID. Egypt is focused on wind power. And there’s no way to hit that ambitious two-year schedule without China, building China’s soft power and economic reach at the same time the U.S. seems determined to throw ours away.
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