World leaders and energy ministers convene in Antalya, Türkiye (Nov 9–20, 2026) on the 10th anniversary of the Paris Agreement entering into force.
Championed by the COP31 Presidency Action Agenda, '35-by-35' aims to raise electricity's share of global final energy demand from ~23% today to 35% by 2035.
With WMO Bulletin No. 22 confirming record 426.8 ppm CO2 in 2025 (+2.8 ppm YoY), COP31 focuses on turning 2030/2035 targets into grid and industrial capex.
Reaching 35% electrification requires replacing fossil boilers in food, paper, and chemical plants with high-temperature industrial heat pumps and TES.
COP31's Energy Day highlights high-voltage transmission, grid-enhancing technologies (GETs), and 4–8h battery storage so electrification lowers household bills.
Scaling heat pumps with COP ≥ 1.75 at 5°F (-15°C) and smart time-of-use controls cuts urban winter heating emissions without overloading morning peak grids.
Electrifying urban delivery, transit buses, and regional freight with depot solar + BESS is the fastest lever to push global electricity share toward 35%.
Following the Nov 3 US midterms, U.S. congressional, corporate, and U.S. Climate Alliance state delegations (~55% of US population) remain active in Antalya.
1) Facility electricity share vs. 35% target; 2) Corporate PPA & BESS LCOE hedge; 3) Scope 1 heat-pump & fleet electrification capex under IFRS S2 / ESRS E1.
Read our full technical breakdown of COP31 Antalya's 35-by-35 pledge, November 2026 Polar Vortex grid risks, and cold-climate heat pump ROI.