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News: Turkiye’s COP31 Presidency has launched a “35-by-35” Global Electrification Pledge to raise electricity’s share of final energy consumption to 35 percent by 2035.
About “35-by-35” Global Electrification Pledge
- The “35-by-35” Global Electrification Pledge is a major initiative led by the co-presidency of Türkiye and Australia for COP31 of UNFCCC.
- Aim: The pledge aims to increase the share of global final energy demand met by electricity from around 23% currently to 35% by 2035.
- Objective: It seeks to accelerate electrification across buildings, transport and industry to reduce dependence on fossil fuels.
- Features:
- Sectoral focus: The pledge promotes electrification in buildings, industries and transport through technologies such as heat pumps, electric vehicles and electric industrial equipment.
- It emphasize the development of clean electricity generation, energy storage, flexible power systems and modern, resilient electricity grids.
- It proposes establishing a global mechanism to track collective progress on electrification and an implementation forum to facilitate knowledge-sharing and capacity-building.
- It seeks to help developing countries identify electricity grid investment requirements, improve project readiness and access financing for electrification.
About COP31
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