COP31’s “35-by-35” electrification pledge seeks to lift electricity’s share of final energy demand from 23% to 35% by 2035, a shift the IEA deems economically feasible. Yet weak grids, indebted utilities and costly finance in developing regions threaten progress. COP31’s proposed “35-by-35” electrification goal aims to raise the share of final energy demand met by electricity from about 23% today to 35% by 2035. The International Energy Agency says the.