COP31 Presidency launches 35% electrification target

The COP31 President-Designate, Murat Kurum>>> of Turkey>>>, launched a new global electrification target at the Bonn Climate Change Conference, aiming to increase the share of final energy demand met by electricity from over 20% to 35% by 2035. This initiative is part of a broader Action Agenda that includes halving global waste growth by 2035 and reducing energy consumption intensity in the building sector by 25% by 2035. The targets are supported by analysis from the International Energy Agency>>> and the International Renewable Energy Agency>>> and align with the Paris Agreement>>>'s goal of limiting warming to 1.5°C. The COP31 Presidency, in partnership with Australia>>>, has commissioned the International Energy Agency>>> to produce special reports on achieving these goals. Key figures like Simon Stiell>>> of the United Nations Framework Convention on Climate Change>>>, Chris Bowen>>> of Australia>>>, Fatih Birol>>> of the International Energy Agency>>>, Francesco La Camera>>> of the International Renewable Energy Agency>>>, and Bruce Douglas>>> of the Global Renewables Alliance>>> have expressed strong support for these initiatives, emphasizing their importance for energy security, cost reduction, and climate action.