Global Electrification Targets and Market Realities: Assessing the Feasibility of 35% by 2035

Electricity demand increased by more than 3% annually from 2015 to 2025, expanding nearly twice as fast as overall global energy demand. The fuel serves as the primary energy source for high-value economic sectors generating more than 45% of global gross domestic product, despite meeting just 23% of total final energy consumption today. Policymakers and [...]