Can the World Hit 35% Electrification by 2035?

AI Summary

The energy crisis triggered by the US and Israel's conflict with Iran may help the world achieve 35% electrification by 2035, a goal highlighted at the upcoming COP31 UN climate conference in Turkey. Experts suggest volatile oil and gas markets, exacerbated by the Strait of Hormuz closure, bring this target closer to reach.

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.”…