Australia's energy and climate minister, Chris Bowen, has endorsed a new global electrification target of 35% by 2035 to accelerate the transition away from fossil fuels and meet climate goals. The initiative, announced at the UN's interim climate talks in Bonn, aims to increase the share of final energy demand met by electricity from 20% to 35% by 2035, based on analysis from the IEA and IRENA to support the Paris Agreement and limit warming to 1.5°C. The COP31 Presidency, led by Türkiye's minister Murat Kurum, will work with countries to facilitate access to technical assistance and financial support to achieve the electrification goal, which was welcomed for its potential to lower energy costs, increase energy security, and reduce emissions. Other initiatives from COP28 and COP29 include tripling renewable energy capacity, expanding energy storage, modernizing electricity grids, mobilizing $300 billion annually by 2035 for action in the developing world, halving global waste growth, and increasing energy efficiency in buildings by at least 25% by 2035.
Tag: Bonn
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COP31 Presidency announces new targets on global electrification, cutting waste, resilient cities; press conference transcript
At the UN June Climate Meetings in Bonn, the incoming COP31 Presidency of Türkiye announced new climate targets as part of its Global Climate Action Agenda launch. The targets include raising the share of final energy demand met by electricity to 35% by 2035, halving global waste growth by 2035, and reducing energy consumption intensity in the building sector by at least 25% by 2035. These targets are part of a framework for implementation to accelerate climate action and address the critical period the Earth is facing due to the climate crisis. The focus is on turning climate commitments into tangible actions through collaboration, dialogue, and effective implementation, with an emphasis on supporting countries in turning their climate goals into investable projects and ensuring that climate finance reaches the ground quickly and effectively. The ultimate goal is to move from dialogue to results in addressing the global challenge of climate change, with a strong emphasis on electrification, renewable energy, and transitioning to a circular economy to drive faster and fairer progress in combating the global climate crisis.
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What to expect from the Bonn climate talks
The annual June climate talks in Bonn are crucial this year due to the oil and gas supply crisis, deadly heatwaves, and global economic and political instability caused by fossil fuel dependency. Key goals of the negotiations include supporting a just transition away from fossil fuels, funding adaptation to climate impacts, and demonstrating a shift towards climate action and clean energy on a global scale. The upcoming COP31 in Bonn will focus on key climate priorities such as a just transition mechanism away from fossil fuels, funding for adaptation to climate impacts, and shifting global finance flows to support a low-carbon world. Additionally, efforts are being made to accelerate the implementation of emissions-cutting and adaptation plans through initiatives like the Belém Mission to 1.5 and Global Implementation Accelerator. Brazil is also working on a roadmap to implement climate solutions, including phasing out fossil fuels and ending deforestation by 2030, with the establishment of a new rainforest fund to support these efforts.
https://www.climatechangenews.com/2026/06/04/what-to-expect-from-the-bonn-climate-talks/
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Halfway to COP31: Why the Bonn Climate Meeting Matters
The upcoming SB64 meeting in Bonn will be crucial for showcasing the importance of international cooperation in addressing climate change amidst geopolitical instability and demonstrating implementation of the Paris Agreement at COP31. Parties will review various work programmes related to climate mitigation, agriculture, food security, technology, and climate empowerment, aiming to assess effectiveness, identify areas for improvement, and ensure strategic resource use. Discussions will also focus on the Belém – Addis Vision on adaptation, the global stocktake process, a new work programme on climate finance, and cooperation with other international organizations. Various dialogues and sessions will align finance flows with the goals of the Paris Agreement, emphasizing the importance of connecting technical deliberations with broader political and economic realities to support investment certainty, economic resilience, and international cooperation in climate action.
https://www.c2es.org/2026/06/halfway-to-cop31-why-the-bonn-climate-meeting-matters-unfccc/