The African Development Bank joins the launch of a global electrification finance initiative at COP31

Updated 2026-11-11 · told from many outlets at once

The 35-by-35 Global Electrification Pledge aims to increase electricity’s share of global final energy consumption from about 23 percent to 35 percent by 2035. The initiative aims to increase electricity's share of global final energy consumption from approximately 23 percent to 35 percent by 2035 through the 35-by-35 Global Electrification Pledge. The African Development Bank and World Bank will co-chair this new international financing coalition starting in 2027.

• The 35-by-35 Global Electrification Pledge aims to increase electricity’s share of global final energy consumption from about 23 percent to 35 percent by 2035.
• The African Development Bank and World Bank will co-chair a new international financing coalition starting in 2027.
• The Electrify Now Finance Coalition will gather governments, development banks, and private investors.

Outlets: ABC News Australia (Top), Dhaka Tribune, FrontPage Africa, IPS News, Punch, Scroll.in

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