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COP31 kicked off this week in Antalya, Türkiye. The 31st edition of the world’s largest international climate summit aims to advance global cooperation to combat climate change.
Why it matters: This year’s COP is a test of whether countries can turn climate commitments into practical action. Discussions will focus on accelerating the clean energy transition, financing climate solutions, and helping communities adapt to worsening climate impacts. A central question is whether lower-income countries will receive the resources and support they need to participate in the energy transition—and whether funding will reach those most at risk.
What we’re watching: The voluntary “35-by-35” pledge aims to increase electricity’s share of global final energy consumption from approximately 23% today to 35% by 2035, with support for off-grid power and storage. We’re also watching initiatives to simplify access to climate finance, expand clean cooking, and put the new Just Transition Mechanism into operation.
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