COP31 35% electrification target… grid capacity needs 30% expansion

Turkey’s COP31 presidency has proposed a voluntary “35-by-35” pledge to raise electricity’s share of global final energy consumption to 35% by 2035, asking all governments to join while leaving each country control over its own electrification policies. The target covers power’s share of end-use energy in homes, buildings, industry and transport, not the renewable generation or battery-adoption mix. Falling battery prices and expanded storage capacity support the goal, but the pledge also flags the need to transform power grids and generation systems. An International Energy Agency special report underpins the initiative, with the presidency citing a need for roughly 30% more grid capacity. Watch whether governments sign on and translate the voluntary target into national electrification plans ahead of COP31.