Can the World Hit 35% Electrification by 2035?
Saudi Oil Export Costs Surge as Red Sea Risks Mount Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… The energy crisis caused by the United States and Israel’s war in Iran could be just what the world needed to achieve 35 percent electrification by 2035.
This goal, “35 by ‘35” has emerged as a key platform of the upcoming COP31 United Nations climate conference, to be held in Antalya, Türkiye, from November 9 to 20, 2026.
And experts say that a number of factors, including volatile oil and gas markets stemming from the prolonged closure of the Strait of Hormuz, have put that goal within “striking distance.” A new analyticalreportfrom the International Energy Agency finds that electricity could feasibly and cost-effectively account for 33 percent of the world’s final energy consumption by 2035.
Today, electricity meets 23 percent of that consumption.
This marks a considerable rate of increase, but one that is within reach, especially when you consider that demand for electricity has outpaced overall energy demand twofold, growing by more than 3 percent year over year between 2015 and 2025.
An International Energy Agencynews pieceaccompanying the release of the report notes that “As the world enters the Age of Electricity, this shift can bring major benefits for economic competitiveness, energy security and energy transitions – although ensuring electricity remains secure and affordable will become increasingly important as its use expands.” To this point, the projections in the report are based on pre-war electricity prices, indicating that world leaders expect current price hikes to cool off.
This analysis was commissioned by Türkiye and Australia in anticipation of the coming COP31 climate conference, the world’s highest-level meeting on the subject.
The findings will serve as the basis of aproposed pledgeto target 35 percent electrification by 2035, up from the 33 percent that the world is currently on track to achieve without the increased effort that the proposal calls for.
This targeted threshold comes from previous projections stemming from the Paris Agreement, which show that limiting global warming to 1.5°C over pre-industrial averages will require that the world achieve 35 percent electrification by 2035 and exceed 50 percent by 2050.
The global energy price crisis that has sent markets into turmoil since February has catalyzed electrification around the world as countries that rely on fossil fuel imports scramble to wean themselves off of this dependency and build up indigenous energy resources.
From nuclear to solar, this new energy expansion is causing a considerable boost in electrification for many countries around the world, with a doubly beneficial outcome for both climate and national economies.
Rooftop solar is going gangbusters in Southeast Asia as a result of the closure of the Strait of Hormuz, with countrie.
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