A Business and Regulatory Navigator to Accelerate Electrification - The World Business Council for Sustainable Development (WBCSD)
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Demand for electrification is moving faster than the system it connects to. Electric vehicles, heat pumps and electrified industrial processes are scaling1, and the the United Nations Climate Change Conference (COP31) Presidency has set a global target of 35% of final energy demand met by electricity by 2035, up from around 21% today.2 What now sets the pace is the readiness of the power system, which means how fast projects connect, whether prices reward flexibility, and whether equipment and markets work together.
For businesses, electrification is increasingly a decision about competitiveness, resilience and long-term value creation. The companies and markets that can electrify faster are often better positioned to manage energy costs, access new revenue streams, strengthen operational resilience and attract investment. Businesses across every sector describe the same set of barriers: connection queues running for years, tariffs that do not support the business case and hold flat while system costs move hour by hour, fragmented market structures with missing aggregation rules and interoperability standards, and flexible capacity waiting for a market to sell into.
This article is an excerpt. To read the full content, visit the original source. The World Business Council for Sustainable Development (WBCSD)
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