ANTALYA, TÜRKİYE - Responding to the launch of the Electrify Now Finance Coalition at COP31, which aims to mobilize investment in clean electrification across developing and emerging economies.
Fanny Petitbon, Policy Analyst at 350.org, said:
“Electrification must be at the heart of a fair and just energy transition away from fossil fuels. But it cannot simply mean replacing one energy system with another while leaving the same inequalities and power structures intact. Electrification must be powered by renewable energy, be accessible and affordable for everyone, and put the needs of people and communities first. Anything less risks locking us into the very same systems of extraction, inequality and fossil-fuel dependence that have brought us to the climate crisis.
“The real test of Electrify Now will be whether it delivers renewable, affordable energy for all, particularly in countries and communities that have been systematically denied the finance and resources to build their futures. That means prioritizing public investment, community ownership and energy access, rather than allowing private profit to dictate the pace and direction of the transition.”
ENDS
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Notes to editors:
- The Electrify Now Finance Coalition was launched at COP31 on 10 November 2026.
- 350.org is an international climate movement working to end the age of fossil fuels and build a just, renewable-energy future for all.