Fatih Birol: The message "The future is in electricity" can emerge from Antalya

IEA Executive Director Fatih Birol said a consensus at the Antalya COP31 talks to lift electricity's share of global energy use from 23% to 35% by 2035 would signal "the future is electric" to markets and investors. Speaking at Koç Holding's COP31 event, Birol noted electric vehicle sales outside China rose 60% in the past nine months and that 79% of power plants commissioned this year were renewable-based. The remarks position the Antalya summit as a potential catalyst for redirecting capital toward grid, storage and electrification investments. Watch for whether governments formalize the 35% target in the summit's closing language.