# Global electrification trends and Türkiye's energy vision > Live situation record from CLSTR: https://clstr.news/situations/iea-global-electrification-projections-and-challenges > Updated: 2026-10-27T00:01:02.000Z. Sources: 59. Developments: 10. The International Energy Agency (IEA) has signaled the start of a new ‘Age of Electricity,’ driven by electric vehicles, heat pumps, and digital technologies. While electricity’s share of global energy consumption rose to 23.4% in 2025, IEA Executive Director Fatih Birol has proposed a ‘35 in 35’ global initiative to increase electricity’s share to 35% by 2035 to enhance energy security. As preparations for COP31 intensify, Türkiye is advancing its energy and climate transition strategies. The country is set to officially launch its ‘National Energy 2040’ vision in Istanbul on November 5, 2026. Energy and Natural Resources Minister Alparslan Bayraktar stated the plan includes approximately $100 billion in projected investments for electricity transmission and distribution infrastructure to support rising demand from data centers, industrial electrification, and electric vehicles. Furthermore, Türkiye has established long-term hydrogen targets, aiming for an electrolyzer capacity of 2 GW by 2030, 5 GW by 2035, and 70 GW by 2053. Türkiye will host the COP31 summit in Antalya from November 9 to November 20, 2026. Described as an ‘Implementation COP,’ the event will focus on fulfilling existing commitments through 12 thematic days. The summit is expected to provide an economic boost to Antalya estimated between $2 billion and $4 billion. Achieving global targets remains difficult due to technical and political hurdles. The IEA notes that power grids must expand 40% faster than historical rates, while equipment bottlenecks, such as rising transformer costs, persist. Meeting the 1.5°C goal requires electricity to exceed 50% of consumption by 2050. ## Claims - Electricity could cost-effectively meet 33% of global final energy consumption by 2035. (disputed by 5 sources) - Electricity currently represents approximately 23% of global final energy consumption. (corroborated by 5 sources) - COP31 will be held in Antalya from November 9 to November 20. (corroborated by 4 sources) - The National Energy 2040 vision will be launched in Istanbul on November 5. (corroborated by 3 sources) - Approximately $100 billion is projected for electricity transmission and distribution infrastructure. (corroborated by 3 sources) - To reach the 35% electrification goal, power grids must expand 40% faster than historical rates. (single source) - Over 2,500 gigawatts of renewable and storage projects are currently stalled in grid-connection queues globally. (single source) - Transformer costs in the United States have increased by approximately 80% over the last five years. (single source) - Turkey aims for an electrolyzer capacity of 2 GW by 2030, 5 GW by 2035, and 70 GW by 2053. (single source) - The regulation for the Turkish Emissions Trading System was published in the Official Gazette on October 21. (single source) - COP31 is expected to generate between $2 billion and $4 billion for the economy of Antalya. (single source) ## Timeline ### 2026-10-27: Electrification transition could reshape global geopolitics The We Mean Business Coalition reports that uneven global electrification is reshaping geopolitics, with China leading in technology manufacturing while the US focuses on domestic oil and gas. 2 sources. https://clstr.news/cluster/electrification-transition-could-reshape-global-geopolitics ### 2026-10-25: Turkey unveils National Energy 2040 vision and COP31 preparations Turkey prepares for COP31 in Antalya and will launch its National Energy 2040 vision on November 5, featuring $100 billion in planned electricity infrastructure investments. 21 sources. https://clstr.news/cluster/iea-head-proposes-35-in-35-global-electricity-target-for-cop31 ### 2026-10-20: IEA predicts 40% increase in peak electricity demand by 2035 The IEA forecasts a 40% rise in peak electricity demand by 2035, driven by industry and transport electrification, necessitating a shift toward renewables and improved energy efficiency. 6 sources. https://clstr.news/cluster/iea-predicts-40-increase-in-peak-electricity-demand-by-2035 ### 2026-10-16: Global energy systems face rising electrification and supply security shifts Global energy trends show rising import dependence and accelerating electricity demand, driven by electrification in transport, industry, and digital sectors amid geopolitical supply shifts. 4 sources. https://clstr.news/cluster/global-energy-systems-face-rising-electrification-and-supply-security-shifts ### 2026-10-13: Global energy storage and electrification targets critical for 1.5°C goal To meet 1.5°C climate goals, electricity must reach 35% of energy consumption by 2035, supported by a projected sevenfold increase in global energy storage capacity. 3 sources. https://clstr.news/cluster/global-energy-storage-and-electrification-targets-critical-for-15c-goal ### 2026-10-12: IRENA calls for rapid electrification to meet 1.5 °C climate goal IRENA's 2026 Outlook states that electricity must reach 35% of final energy consumption by 2035 to meet 1.5 °C climate goals, requiring massive systemic reforms and $256 trillion in investment by 2050. 3 sources. https://clstr.news/cluster/irena-calls-for-rapid-electrification-to-meet-15-c-climate-goal ### 2026-10-08: Global electrification target requires faster policy shifts to meet 2035 goals A Climate Resource report warns that current policies fall short of the 35% global electrification target for 2035, though increased investment could drastically reduce coal, oil, and gas demand. 3 sources. https://clstr.news/cluster/global-electrification-target-requires-faster-policy-shifts-to-meet-2035-goals ### 2026-10-04: Global electrification faces significant political and technical hurdles Global electricity use has risen to 23.4 percent of final energy, but researchers warn that trade barriers, political interests, and heavy transport needs pose significant obstacles to full electrification. 7 sources. https://clstr.news/cluster/global-electrification-faces-significant-political-and-technical-hurdles ### 2026-09-26: International Energy Agency reports electrification could cut fuel import costs The IEA reports that accelerating global electrification could reduce fossil fuel import costs by $400 billion annually by 2035 and enhance energy security amid geopolitical instability. 2 sources. https://clstr.news/cluster/international-energy-agency-reports-electrification-could-cut-fuel-import-costs ### 2026-09-24: IEA report: Global electrification target of 35% within reach by 2035 An IEA report states electricity could meet 33% of global energy demand by 2035, but warns that grids must expand 40% faster and overcome massive project queues to reach a 35% electrification goal. 10 sources. https://clstr.news/cluster/microsoft-releases-2026-responsible-ai-transparency-report-1 --- Cite as: Global electrification trends and Türkiye's energy vision. CLSTR, https://clstr.news/situations/iea-global-electrification-projections-and-challenges