Economy

World is now in ‘age of electricity’, energy agency chief says at Cop31

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 05:05:27 UTC.

Briefings

Energy agency chief Fatih Birol declared at Cop31 that the world has transitioned from fossil fuels to electricity, with more than twice the electricity generation added to the global economy in the next decade compared to the previous period. This shift is driven by the need to secure energy supplies against fossil fuel price volatility and supply shocks like the Iran war. The IEA's executive director highlighted this transition as a strategic response to global energy instability.

Key points

• Fatih Birol, executive director of the International Energy Agency (IEA), stated at Cop31 that the world has left behind the age of coal, oil, and gas and entered the 'age of electricity'.
• More than twice as much electricity generation would be added to the global economy in the next decade compared to the last period, as countries secure energy supplies against fossil fuel price volatility.

Context

At the COP31 summit, the IEA's leader emphasized that global energy systems are shifting away from traditional fossil fuels toward electricity generation. This transition is critical for managing energy security and mitigating risks associated with volatile fossil fuel markets and geopolitical supply disruptions.

Limitations

The evidence is limited to a single statement from Fatih Birol at Cop31. Specific data on electricity generation volumes, exact dates of the transition, or regional impacts are not provided. The claim about doubling electricity generation over the next decade is a direct quote without supporting statistical backing.

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