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Insights

19

Electrification Can Lower Energy Bills, but Only if We Do it Right

The UN climate summit in Antalya, Turkey (COP31) aims to accelerate the shift to electrification, urging countries to adopt a pledge to supply 35% of global final energy consumption with electricity by 2035. But how quickly the world moves toward electric products hinges on a key question: Will they actually lower rising energy bills?

Published on 2026-11-10 by WRI
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Reports

3

Electrifying Growth

Decarbonization megatrend offers generational growth for electrical equipment suppliers

Organisations

4

IRENA

IRENA is a lead global intergovernmental agency for energy transformation that serves as the principal platform for international cooperation, supports countries in their energy transitions, and provides state of the art data and analyses on technology, innovation, policy, finance and investment.

SIERA Alliance

SIERA Alliance leads the charge in sustainable innovation. Established by EU Technology Chamber (EUTECH), SIERA Alliance is a strategic initiative dedicated to fostering sustainability through collaborative innovation and collective action. The Alliance is a network of environmental engineering companies —visionary leaders and technical experts who are at the forefront of designing and implementing sustainable infrastructure, clean technologies, and climate-resilient systems.

IES

IES is a global climate tech company delivering innovative technology solutions and consultancy services to decarbonise the built environment.

UN CTCN

The CTCN is the implementation arm of the Technology Mechanism of the United Nations Framework Convention on Climate Change, and is hosted by the UN Environment Programme. The Centre promotes the accelerated transfer of environmentally sound technologies for low carbon and climate resilient development at the request of developing countries.