COP31 '35 by 35' Electrification Drive Could Save Fossil Fuel Importers USD 400 Billion, IEA Estimate Shows
The COP31 Presidency's "35 by 35" initiative targets raising the global electrification rate to 35% of final energy by 2035, up from just over 20% currently, according to Energy in Demand.
Meeting that target could save fossil fuel-importing countries USD 400 billion, Jean Baderschneider said, citing an estimate by the International Energy Agency (IEA), as reported by Anadolu Agency.
Baderschneider said Türkiye has an opportunity to shift from being a fossil fuel crossroads to becoming an industrial power in the electric age, Anadolu Agency reported. Investment in renewable power generation, electricity grids, energy storage, and industrial electrification could help Türkiye lead that transformation, she added.
Source: aa.com.tr (opens in a new tab)2 sourcesPermalink