The Iran war pushed about 25 countries to adopt structural electrification policies since March, according to ABC News, in a text by OilPrice, after the closure of the Strait of Hormuz disrupted oil and gas flows.

COP31, in Türkiye, will ask countries to meet 35 percent of global energy demand with electricity by 2035, up from 23 percent today. The International Energy Agency (IEA) projects that 80 million kilometres of new or retrofitted lines are needed by 2040, and a report by consultancy Bain & Company found that between 50 percent and 60 percent of renewable projects in Vietnam, Thailand and Indonesia were cancelled or delayed from 2021 to 2025.