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Bonn talks: Why COP31’s electrification target matters for ASEAN energy markets

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The Bonn climate talks ended with little progress on adaptation finance and emissions cuts, but COP31 has put forward a new target to raise electricity's share of global final energy demand to 35% by 2035. (Photo: Lara Murillo / UN Climate Change)

The Bonn climate talks ended with little progress on adaptation finance and emissions cuts, but COP31 has put forward a new target to raise electricity's share of global final energy demand to 35% by 2035. (Photo: Lara Murillo / UN Climate Change)

Two weeks of UN climate talks in Bonn ended on June 18 with few concrete outcomes on adaptation finance, emissions reductions, and climate science.

Yet amid the deadlock, one proposal emerged as the defining signal ahead of COP31 in Antalya, Turkey, this November with a push to increase electricity’s share of global final energy consumption from just over 20% today to 35% by 2035.

Why is COP31 prioritizing electrification?

The joint COP31 presidency, with Turkey hosting and Australia leading negotiations, used the Bonn talks to launch the “35x35” target, which aims to raise electricity’s share of final energy demand to 35% by 2035.

Unlock the full article to explore three key takeaways:

  1. COP31 proposes a "35x35" target to raise electricity's share of final energy demand to 35% by 2035.
  2. Southeast Asia faces rising grid investment needs as cooling, transport, and industry drive electricity demand.
  3. Bonn talks ended with limited progress, with adaptation and mitigation disputes pushed to COP31.
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