Electrification Debate and Finance
A goal introduced this year would increase the share of electricity in total global energy consumption from roughly 21% to 35% by 2035, preferably from renewable energy such as solar and wind. But it does not require that electricity be generated by renewable sources, meaning coal and other fossil fuels could be used, at least initially. Climate TRACE, which tracks global emissions via satellites, found that prioritizing clean energy would cut global emissions 14% compared to 7% if fossil fuels also are used for electrification.
Leaders of small island nations say climate change is a life-or-death matter for their people because rising seas are engulfing their lands. They say a U.N. fund created for compensating vulnerable nations must be urgently strengthened. Guterres said wealthier countries that have contributed most to climate change “must deliver the finance they have promised” at past summits — but also contribute much more.
“Let us be clear about the scale of the gap,” he said. “Even tripling adaptation finance would meet less than 30 percent of what is needed.”