Guterres urges fossil-fuel exit as Turkey promotes electrification at COP31
Global Economy · Wednesday, November 11, 2026 · 10 sources

Guterres urges fossil-fuel exit as Turkey promotes electrification at COP31

At COP31 in Antalya, UN Secretary-General António Guterres said fossil-fuel dependence carries economic and security costs, citing the EU’s more than €100 billion in extra import costs since the Middle East conflict began. He said nine oil companies are on track to earn more than €87 billion (US$95 billion) in three months, while Turkey is pushing a pledge to raise electricity’s share of global energy use to 35% by 2035; the pledge does not require that the power be low-carbon.

Bottom line — The 35-by-35 pledge targets 2035, but Turkey’s draft leaves the electricity’s carbon source open.

Go deeper 6

  1. Guterres said petrol prices rose around 26% and diesel prices 38% across 130 countries, according to UNifeed.

  2. The UN said Brazil’s voluntary roadmap calls for national transition plans with clear timelines and financing needs, and measurable progress by 2028.

  3. Turkey’s draft pledge says the use of clean electricity and technologies will differ among countries, Turkish Minute reported.

  4. UN News reported that around 2,500 gigawatts of energy projects are waiting for grid connections worldwide.

  5. Turkish President Recep Tayyip Erdoğan said output from the Gabar fields would exceed 100,000 barrels a day in the second half of 2027, Reuters reported.

  6. The UN said Guterres proposed taxing fossil-fuel windfall profits to help fund the transition and shield families from future price shocks.

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Last generated: Nov 11, 2:12 PM UTC by wreetco

dstld. Your daily news summary designed to surface the news that matters from a European perspective. Curated by humans, summarized by AI - always with links back to the original reporting.

Links · Contact
Popular topics · WorldEuropeGamesAI
Last generated: Nov 11, 2:12 PM UTC by wreetco